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Photographer: Nathan Laine/Bloomberg

France, recognized as the leading wine producer globally, has obtained European Union funding amounting to €120 million ($132 million) to uproot a portion of its vineyards due to a decline in worldwide demand.

The European Commission has sanctioned funding for the permanent removal of vines at a cost of €4,000 per hectare, as stated by the agriculture ministry. This suggests an approximate reduction of 30,000 hectares (116 square miles), representing about 4% of the total area, based on a calculation by Bloomberg.