BORDEAUX, France - Bordeaux is awash in unsold wine, and merchants are pressuring the top wine producers to drop their prices on the 2008 vintage by 50 percent in order to jumpstart sales. - Sales have skidded to a halt since the economic crisis hit last October. Importers and retailers around the world, suffering from a credit crunch, have frozen new orders and sometimes even cancelled previous orders.
Read full article [AFP]