![]() ![]() KELLY: So governments are collecting some of this surplus, especially at the low end of the market, and turning it into other products like alcohol for pharmaceutical products and cosmetics. Elizabeth Carter says this has to do in part with changing habits over a long time.ĬARTER: It's just not so standard to have that weak glass of wine with lunch, maybe unfortunately (laughter). ![]() And according to the European Commission, wine consumption is falling in Europe. Too much production - perish the thought, Ailsa - not enough demand.ĬHANG: Well, in the first quarter of this year, wine exports were about 8% lower than they were last year. She says Portugal, like other major European producers - France, Italy - that it's currently suffering from a wine surplus. KELLY: Elizabeth Carter is a professor at the University of New Hampshire who studies Europe's political economy, especially the wine business. People in Europe are drinking less wine, especially in the countries that used to drink the most, right? And those would be the wine-producing countries. A nearby distillery was storing this wine to convert it into a more pure form of alcohol, part of an effort to solve an even bigger problem - that there is too much wine in Portugal.ĮLIZABETH CARTER: So this is huge. UNIDENTIFIED PERSON: (Speaking Portuguese).ĬHANG: It sounds like a supernatural calamity or a biblical parable, though the official explanation is an industrial accident - two burst storage tanks. It literally painted the town red, as you can see on social media videos. Nearly 600,000 gallons of red wine coursed like a burgundy river downhill through the streets of the small Portuguese town of Sao Lourenco do Bairro. On Sunday morning, the wine was flowing freely in Portugal, but nobody was drinking. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |