Bordeaux wine exports sink in 2004

6th January 2005, Comments 0 comments

BORDEAUX, France, Jan 6 (AFP) - Bordeaux wine producers announced more depressing export figures Thursday, with sales to the United States down by more than a third in a year.

BORDEAUX, France, Jan 6 (AFP) - Bordeaux wine producers announced more depressing export figures Thursday, with sales to the United States down by more than a third in a year.

Overall exports from the historic wine region of southwest France were down 10 percent in volume and 24 percent in value for the first three quarters of 2004 compared to the same period in 2003, according to the Interprofessional Council of Bordeaux Wine (CIVB).

Exports to the United States were down by a massive 35 percent in volume and 59 percent in value, and sales to Britain down by 21 percent in volume and 33 percent in value, it reported.

In all the region sold 1.27 million hectolitres in the year to October, for EUR 786 million (USD 1,037 million).

The only good news was an increase in sales to Russia and the Asian market.

French wine-makers are going through their worst crisis in decades thanks to competition from new producer countries and falling domestic consumption.

 

 

© AFP

Subject: French News

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