Champagne is getting more expensive, if it is up to the winemakers of the famous French region: they are going to limit this year’s grape harvest in the hope that the price will rise. As a result of the corona crisis, demand for champagne has so far fallen by almost a third, amounting to around 1.7 billion euros. By aiming for a higher price, they hope to make up the losses somewhat.
The harvest limitation is the result of long negotiations between the grape growers and the wineries. The farmers wanted to pick a lot of grapes, the wineries insisted on limiting the harvest. The agreement does not come a day too late: today the harvest has started.