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French Red Wine Market Falls To An Economic Gold Rush
The American demand for Bordeaux wine drives record prices and angers French growers and consumers. From 1971 to 1972 the 900 liter tonneau jumped from 260 to 580 dollars as Chateau labels lose access to domestic buyers. Exports surged with the United States buying over 16 million dollars of Bordeaux, provoking calls for export taxes to keep wine in France.
MENTIONED IN THIS ARTICLE
Bordeaux
France
Sud- Quest
Claude Rumede
Mouton-Rothschild
Medoc
United States
Britain
Customs Service