French red wine, is no one drinking it anymore?

Wallstreetcn
2025.01.04 02:19
portai
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As the tastes of young consumers in France change, the sales of French red wine have plummeted, with consumption dropping by about 90% since the 1970s. However, this is just one of the main reasons; challenges such as climate change, declining overseas demand, and overcapacity have also emerged, with some local wines priced as low as €2.50 per bottle