France is dumping wine. Hear about it at urban legends and stranger truths winemakers are tearing up and burning their vineyards over a global oversupply of wine. Even as worldwide wine production hit a 60 year low last year, demand is falling even faster, and it's leading to a glut. And that, according to Bloomberg, the low demand means that it's sometimes more cost effective for vineyards to destroy grapes than to make wine with them and to try and sell it