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Why France Is Spending $216 Million to Destroy 80 Million Gallons of Wine

France, EU to spend 200 mn euros on destroying excess wine

The French government announced Friday that 200 million euros ($216 million) would be set aside to fund the destruction of surplus wine production in a bid to support struggling producers and shore up prices.An initial European Union fund of 160 million euros for wine destruction has been topped up to 200 million euros by the French government, Agriculture Minister Marc Fesneau told reporters at a press conference on Friday.

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