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May 30, 2022 View:

Champagne Commission sets annual grape harvest

Under Tuesday's decision, vintners in the Champagne country will only be able to collectively harvest 8,000 kilograms of grapes per hectare, the equivalent of 230 million bottles for the entire region. This is 21% less than the amount allowed last year.

Photo courtesy of: Wine Click

Like the organization that coordinates the policies of oil-producing countries, the Champagne Commission sets the annual grape harvest to avoid the kind of excess production that would cause bottle prices to plummet. To date, the industry as a whole has lost $2 billion in total sales due to the impact of the New Crown epidemic.

Producers expect about 100 million bottles to be sold in cellars by the end of 2020, while some predict the crisis could last for years.