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Wine Lake
The wine lake refers to a perceived overproduction of wine in the European Union, particularly around 2005–2007. The EU's Common Agricultural Policy contained a number of subsidies for wine producers, leading to a supply glut; this surplus forced an overhaul of EU farm policies. In 2007 it was reported that for the previous several vintages, European countries had been producing 1.7 billion more bottles of wine than they sold. Hundreds of millions of bottles of wine had been turned into industrial alcohol every year, a practice that had sometimes been described as "emergency distillation", at a cost to taxpayers of €500 million per year. A major contributor was reported to be Languedoc-Roussillon wine production, which used one third of the grapes grown in France. One proposed remedy was Plan Bordeaux: an initiative introduced in 2005 by the French vintners association ONIVINS designed to reduce France's production and raise prices. Part of the plan was to uproot of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overproduction
In economics, overproduction, oversupply, excess of supply or glut refers to excess of supply over demand of products being offered to the market. This leads to lower prices and/or unsold goods along with the possibility of unemployment. The demand side equivalent is underconsumption Underconsumption is a theory in economics that recessions and stagnation arise from an inadequate consumer demand, relative to the amount produced. In other words, there is a problem of overproduction and overinvestment during a demand crisis. The ...; some consider supply and demand two sides to the same coin – excess supply is only relative to a given demand, and insufficient demand is only relative to a given supply – and thus consider overproduction and underconsumption equivalent. Overproduction is often attributed as due to previous overinvestment – creation of excess productive capacity, which must then either lie idle (or under capacity), which is unprofit (economics), profitable, or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ONIVINS
French wine is produced all throughout France, in quantities between 50 and 60 million hectolitres per year, or 7–8 billion bottles. France is one of the largest wine producers in the world, along with Italian wine, Italian, Spanish wine, Spanish, and American wine, American List of wine-producing regions, wine-producing regions. French wine traces its history to the 6th century BCE, with many of France's regions dating their wine-making history to Roman Empire, Roman times. The wines produced range from expensive wines sold internationally to modest wines usually only seen within France such as the Margnat wines of the post war period. Two concepts central to the better French wines are the notion of ''terroir'', which links the style of the wines to the locations where the grapes are grown and the wine is made, and the ''Appellation d'origine contrôlée'' (AOC) system, replaced by the Appellation d'Origine Protégée (AOP) system in 2012. Appellation rules closel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union And Agriculture
European, or Europeans, or Europeneans, may refer to: In general * ''European'', an adjective referring to something of, from, or related to Europe ** Ethnic groups in Europe ** Demographics of Europe ** European cuisine, the cuisines of Europe and other Western countries * ''European'', an adjective referring to something of, from, or related to the European Union ** Citizenship of the European Union ** Demographics of the European Union In publishing * ''The European'' (1953 magazine), a far-right cultural and political magazine published 1953–1959 * ''The European'' (newspaper), a British weekly newspaper published 1990–1998 * ''The European'' (2009 magazine), a German magazine first published in September 2009 *''The European Magazine'', a magazine published in London 1782–1826 *''The New European'', a British weekly pop-up newspaper first published in July 2016 Other uses * * Europeans (band), a British post-punk group, from Bristol See also * * * Europe (disambi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of The European Union
The economy of the European Union is the joint economy of the member states of the European Union (EU). It is the third largest economy in the world in nominal terms, after the United States and China, and the third one in purchasing power parity (PPP) terms, after China and the United States. The European Union's GDP estimated to be around $16.6 trillion (nominal) in 2022 representing around one sixth of the global economy. The euro is the second largest reserve currency and the second most traded currency in the world after the United States dollar. The euro is used by 19 of its members, overall, it is the official currency in 25 countries, in the eurozone and in six other European countries, officially or de facto. The European Union economy consists of an internal market of mixed economies based on free market and advanced social models. For instance, it includes an internal single market with free movement of goods, services, capital, and labor. The GDP per capita ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nature News
''Nature'' is a British weekly scientific journal founded and based in London, England. As a multidisciplinary publication, ''Nature'' features peer-reviewed research from a variety of academic disciplines, mainly in science and technology. It has core editorial offices across the United States, continental Europe, and Asia under the international scientific publishing company Springer Nature. ''Nature'' was one of the world's most cited scientific journals by the Science Edition of the 2019 ''Journal Citation Reports'' (with an ascribed impact factor of 42.778), making it one of the world's most-read and most prestigious academic journals. , it claimed an online readership of about three million unique readers per month. Founded in autumn 1869, ''Nature'' was first circulated by Norman Lockyer and Alexander Macmillan as a public forum for scientific innovations. The mid-20th century facilitated an editorial expansion for the journal; ''Nature'' redoubled its efforts in explan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crop Destruction
Crop destruction is the deliberate destruction of crops or agricultural products to render it useless for consumption or processing. It can be made by burning, grinding, dumping into water, or application of chemicals. It should not be confused with crop residue burning, which burns non-edible parts of the crop. Related to crop destruction is alternate, low-price use of agricultural products. A large portion of the European Union wine surplus has been converted to industrial ethanol. There can be numerous reasons for crop destruction. In scorched-earth strategy, crops and other useful materials are destroyed to prevent the enemy from gaining hold of them. The strategy of destroying the food supply of the civilian population in an area of conflict has been banned under Article 54 of Protocol I of the 1977 Geneva Conventions. In government-regulated agriculture, farmers can be required to destroy crops that exceed their production quota. Crops can also be dumped in the street dur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Butter Mountain
The butter mountain is a supply surplus of butter produced in the European Union because of government interventionism that began in the 1970s. The size of the surplus changed significantly over time and mostly disappeared by 2017, which has led to shortages. Other surpluses were described as ''beef mountains'', ''milk lakes'', ''wine lakes'' and ''grain mountains''. Excesses existed because the agricultural policies were designed to stabilize prices for farmers and consumers and to ensure that there was enough produce at all times, but production varied from year to year, so in most years there was an excess. Excesses were often sold off cheaply either within the EU or to other markets. History Agricultural underproduction in the 1950s led to a series of market interventions, including the Common Agricultural Policy. Governments subsidized milk production by a guaranteed minimum intervention price for dairy products. This led to a surge in the production of grain, milk, butt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Politico Europe
''Politico Europe'' (stylized as ''POLITICO Europe'') is the European edition of the German-owned news organization ''Politico'' reporting on political affairs of the European Union. Its headquarters are located in Brussels with additional offices in London, Berlin, Warsaw, Paris, and Frankfurt. In September 2014, ''Politico'' formed a joint venture with German publisher Axel Springer SE to launch its European edition. In December 2014, the joint venture announced its acquisition of ''Development Institute International'', a leading French conference business, and ''European Voice'', a European political newspaper previously part of the Economist Group, to be relaunched under the ''Politico'' brand. Among the participants of the launch event on April 21, 2015, was President of the European Council Donald Tusk and President of the European Parliament Martin Schulz. ''Politico Europe'' debuted with its first print issue two days later, on April 23, 2015. The main sources of revenue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Impact Of The COVID-19 Pandemic On The Food Industry
The COVID-19 pandemic affects the global food industry as governments close down restaurants and bars to slow the spread of the virus. Across the world, restaurants' daily traffic dropped precipitously compared to the same period in 2019. Closures of restaurants caused a ripple effect among related industries such as food production, liquor, wine, and beer production, food and beverage shipping, fishing, and farming. The issues were particularly disruptive in industrialized areas where large proportions of entire categories of food are typically imported using just-in-time logistics. In June 2020, the United Nations warned that the world was facing the worst food crisis in half a century due to the recession caused by the pandemic. Global impact Global food security expert Peter Alexander of the University of Edinburgh said that the free-market, just-in-time logistical systems common in industrialized areas are very good at dealing with disruptions in one place or sudden ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history. COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bordeaux (wine)
Bordeaux wine ( oc, vin de Bordèu, french: vin de Bordeaux) is produced in the Bordeaux region of southwest France, around the city of Bordeaux, on the Garonne River. To the north of the city the Dordogne River joins the Garonne forming the broad estuary called the Gironde; the Gironde department, with a total vineyard area of over 120,000 hectares, is the largest wine growing area in France. Average vintages produce over 700 million bottles of wine, ranging from large quantities of everyday table wine, to some of the most expensive and prestigious wines in the world. The vast majority of wine produced in Bordeaux is red (sometimes called "claret" in Britain), with sweet white wines (most notably Sauternes), dry whites, and (in much smaller quantities) rosé and sparkling wines (Crémant de Bordeaux) collectively making up the remainder. Bordeaux wine is made by more than 8,500 producers or ''châteaux''. There are 54 appellations of Bordeaux wine. History Viticulture ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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