Champagne: First figures on the decline in exports

The closure of restaurants in many countries around the world, the imposition of a 20% tax in the United States since October 2019 on wines with less than 14% alcohol by volume, and the uncertainties surrounding brexite - the sale of French wines abroad fell by 18% between January and August 2020 compared to the same eight months in 2019. These are the latest figures from FranceAgriMer, L'Établissement national des produits de l'agriculture et de la mer. This is a more or less state agency that manages agricultural markets in France.

This is the first time since 2008/2009 that the wine export market has experienced "such a significant" decline. The French wine sector is the second largest contributor to the French trade balance after aviation.

The sparkling wines, i.e. champagne and crémant, are particularly hard hit. During the period under review, their exports fell by 22 percent in volume and 28 percent in value, while exports of still wines fell by six percent in volume and 13 percent in value.

FranceAgriMer also confirmed the creation of a 40 million euro aid for wine storage, of which 35 million came from the national budget and 5 million from European funds.

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