Pandemic Leaves 100 Million Champagne Bottles Unsold, But Prices Not to Change

Sales of champagne, one of France's most iconic products, have tumbled over the past year amid the Covid-19 pandemic, with industry representatives estimating that some 100 million bottles will be left unsold, France 24 reports.

Lower demand due to the pandemic has led to an exceptionally low harvest quota in France's Champagne region, with pickers in the vineyards having to cut one-fifth less than last year.

– When venues where people drink such as cafes, hotels and restaurants are closed, when weddings and music festivals are called off, people drink less champagne – noted Maxime Toubart, president of the General Union of Champagne Producers.

However, Toubart cautioned that lower demand will not necessarily lead to lower prices and that "it's important to maintain the product's value because cheap champagne could lead to the impression of being bad champagne."

General Union of Champagne Producers

Maxime Toubart

sale of champagne

drop in sale of champagne

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