The news is not good for those of us who love bubbly, and especially the French version ? real, live Champagne. The business is in a freefall, as the recession, high prices and the weak dollar combine to clobber sales.
So what are Champagne producers doing? Cutting production, so they can keep prices up. The leading Champagne producers have apparently agreed to production cuts of 30 to 40 percent, which in their case means leaving grapes on the vines to rot. Jocelyne Dravigny, chairman of the Federation of Champagne Wine Co-operatives, told the Times of London: ?For us, the stabilizing of prices is a priority. ?
This is not an indictment of Champagne as wine, which is one of the Wine Curmudgeon ?s guilty pleasures. This is, rather, another example of how the wine industry doesn ?t respect the consumer and is shocked and amazed when that approach backfires. More, after the jump: