The European Union has allocated €40 million (US$46.4 million) to support French wine producers to turn excessive red and rosé wines into industrial alcohol. Read More
Inventory
A wine merchant in Hainan, China’s southernmost province, has been fined more than 100 times the retail price for selling expired Moscato from Accolade Wines, Australia’s second-largest wine producer, amid ongoing struggles to deplete aging inventory. Read More
After three years of rapid growth, Korea's imported wine market is experiencing a downturn as home consumption decreases and inventories accumulate. Read More