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Severe heat and drought expected to halve French wine and champagne production

⚡ Markets: A drastic reduction in French wine supply will lead to higher prices for consumers globally. Bullish for prices of existing wine inventories and for luxury goods companies with significant wine and spirits divisions. Negative for French agricultural output.LVMHPernod Ricard

France's wine harvest is projected to be the smallest in at least 30 years, with champagne production forecast to be cut in half. The dramatic decline is the result of severe drought and record-breaking summer heatwaves that have damaged grape yields across the country.

West MSM 3Financial press 14 countries
4 sources across the spectrum
Financial pressBloomberg — France Champagne Output Set to Halve on Heat Waves and Drought
West MSMPOLITICO EU — Champagne production halves as scorching summer dents French wine grape harvest
West MSMThe Guardian — French winemakers forecast 30-year low harvest after severe drought and heat
West MSMABC News AU — French wine output predicted to be lowest in 30 years
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