BUSINESS ABROAD: The Grapes of Wrath

In France last week, from the choice vineyards of Burgundy to the rich plains of Bordeaux, French wine experts studied the grapes and searched the sky. If the dry weather held, it would be another tres grande année (very great year) for wine. The Ministry of Agriculture reported that the yield might run as high as 1.5 billion gals, in France alone, plus another 450 million gals, from Algeria. But as they began harvesting the grapes, few growers were happy. The trouble: France already has more wine than it can drink or...

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