{"id":45849,"date":"2023-08-08T08:33:56","date_gmt":"2023-08-08T12:33:56","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/mixed-year-for-french-wine-but-champagne-fizzes\/"},"modified":"2023-08-08T08:33:57","modified_gmt":"2023-08-08T12:33:57","slug":"mixed-year-for-french-wine-but-champagne-fizzes","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=45849","title":{"rendered":"Mixed year for French wine but champagne fizzes"},"content":{"rendered":"<div>\n<p>PARIS (Reuters) &#8211; French wine production in 2023 is expected to be near the average of the last five years, with a favourable outlook in Champagne and Burgundy contrasting that in disease-hit Bordeaux, the French farm ministry said.<\/p>\n<p>Overall wine output is projected to be between 44 million and 47 million hectolitres, a range that encompasses both the five-year average of 44.5 million hectolitres and 2022 output of 46.1 million hectolitres, the ministry said in a report on Tuesday.<\/p>\n<p>A hectolitre is the equivalent of 100 litres, or 133 standard wine bottles.<\/p>\n<p>&#8220;The situation in the different production regions is &#8230; contrasting,&#8221; the ministry said. &#8220;The Bordeaux and southwest regions are particularly affected by outbreaks of mildew.&#8221;<\/p>\n<p>Frequent storm showers and hot weather during May and June created the conditions for mildew, which has meant production forecasts are tentative for those areas, the ministry added.<\/p>\n<p>Falling demand for red wines, which are out of fashion with younger drinkers, prompted the government to offer producers aid this year.<\/p>\n<p>Persistent drought meanwhile was expected to lower output in the Languedoc-Roussillon region in the far south, the ministry said.<\/p>\n<p>But the situation was favourable elsewhere, with the growth of grapes boosted by ideal weather during the flowering period and by rain at the start of summer, it said.<\/p>\n<p>&#8220;In most wine zones production should be above the five-year average or near it,&#8221; it said.<\/p>\n<p>Output was seen surpassing the five-year average in Champagne, where frost and hail caused limited damage this year, and also in Burgundy, despite some mildew cases, the ministry added. <\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/commodities-news\/mixed-year-for-french-wine-but-champagne-fizzes-3147737\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PARIS (Reuters) &#8211; French wine production in 2023 is expected to be near the average of the last five years, with a favourable outlook in Champagne and Burgundy contrasting that in disease-hit Bordeaux, the French farm ministry said. Overall wine output is projected to be between 44 million and 47 million hectolitres, a range that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-45849","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mixed year for French wine but champagne fizzes | iFintechWorld<\/title>\n<meta name=\"description\" content=\"PARIS (Reuters) - French wine production in 2023 is expected to be near the average of the last five years, with a favourable outlook in Champagne and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=45849\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mixed year for French wine but champagne fizzes | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"PARIS (Reuters) - 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