France 2026 Wine Harvest Hits Historic Low, Down 14% vs 5-Year Average

France's 2026 wine harvest is projected at ~35 million hectoliters, down 2% from 2025's already historically low output and 14% below the 2021-2025 average, per Ministry of Agriculture estimates. The decline stems from reduced cultivated area and lower yields, continuing a multi-year trend. This could tighten global wine supply, supporting prices for French wines and pressuring producers' margins.