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Champagne lovers of the world, get ready to weep. France has announced its lowest champagne harvest in 40 years due to severe damage from wet weather, hailstorms and fungus.
This is a major upset to wine producers who are already struggling with the economic downturn. Back in September, French winemakers asked the government for additional insurance coverage that would help them navigate through a weakened economy.
So far, consumers won't feel the immediate impact of the champagne shortage. Winemakers have enough stock from previous harvests to last three years, according to Consumerist. Since making champagne requires 15 months of aging before being consumed it'll be a while before we feel the pinch.
That means your New Year's bubbly is far from being affected but be sure you stock up for the future. Here's hoping that France will be able to recover promptly...bottoms up!