FRANCE: Bordeaux wine exports slip in '08
Bordeaux wine exports fell 7% in volume in 2008, with the downward trend gathering momentum in the last quarter, figures from trade body Conseil Interprofessionnel du Vin de Bordeaux (CIVB) show.
Exports by value increased by 22%, largely a result of high prices negotiated on shipments of Bordeaux grands crus 2005 in the earlier part of 2008.
Global export volumes to the EU, by the far the main outlet for Bordeaux wines, fell by 12% for the year.
CIVB president Alain Vironneau said Bordeaux wines could adapt to changing consumer demand in the economic gloom. "Our price range is sufficiently broad for us to be able to offer customers lower-cost products," he told just-drinks today (13 March).
He said that a small harvest last year has contributed to price stability within the trade.
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