Champagne Bubbles Burst

Worldwide sales drop by almost 20% in the first half of 2009 which decreases drastically in the U.S. and the U.K. (The Bloomberg Edge)
to you. > he continues to make the right calls, doesn’t he? thank you. we are seeing bullishness, but not such opposition for the bubbly. it is not flowing as much as it used to. > it is harvest time here in france. a time for hard work and, usually, a celebration. this time the financial crisis crashed the party. after years of rising demand for the precious bubbly, the champagne bubble burst. > today customers are more reluctant to pop a court. >> in the first half of 2009 sales worldwide dropped by 20%, decreasing drastically in the u.s. and the u.k. in cellars balls are piling up. — bottles are piling up. >> so, to avoid an overflow in the market, the industry decided to cut the output by almost one- third. if you do the math, champagne is much more expensive than oil, an average price of 40 baht — $40 per bottle, it brings the price per barrel up to $8,000. winemakers are consider



Found Country:US