FRANCE: Burgundy Q1 exports tumble - figures
Exports of Burgundy wines fell sharply in both volume and value terms in the first quarter, according to figures released to just-drinks on Tuesday (26 May) by the Bureau Interprofessionnel des Vins de Bourgogne (BIVB).
Global exports totalled around 15.4m bottles, down 30% on the first quarter of 2008, and generated revenues of almost EUR100.4m (US$139.7m), a fall of 31%, the figures showed.
Shipments to the UK, the principal destination of Burgundy exports, totalled almost 3.4m bottles (down 51%) and dropped 50% in value to almost EUR16.6m - poor market conditions were exacerbated by the weakness of sterling against the Euro, the BIVB said.
Burgundy's second export market, the US, suffered a 34% decline in volume while the value of shipments tumbled 40%.
The only bright note in a depressing first quarter was an increase of 18% in export volumes to Germany which brought a 7% rise in revenues.
- A tobacco analogy soft drinks will want to embrace
- PepsiCo to consider more re-franchising - CEO
- Cleaning China's seedier side brings Remy balance
- Pernod's Portman Group penalty - a coincidence?
- just The Preview - SABMiller's Q1
- Diageo's Captain Morgan Facebook ad banned
- Diageo faces public consultation over W&M sale
- William Grant silent on Drambuie bid talk
- Bacardi to fight US football team legal action
- Alcohol retailer group appoints new chairman