FRANCE: Burgundy wines on the rise in Q1
Burgundy claws back some ground
Global exports of Burgundy wines showed an increase of 5.5% in volume and 11.4% in value in the first quarter of 2010.
Regional trade body BIVB said the figures confirm the signs of recovery observed at the end of 2009.
“The increase is a modest one, but it reinforces the optimism generated by the excellent 2009 vintage, despite a global economic climate which remains very troubled.
"The current weakness of the euro appears to be favouring French wine exports: the results of the second quarter will be interesting in this regard,” the BIVB said.
The first quarter brought strong growth in the two biggest overseas markets for Burgundy wines with shipments to the UK up by 24% by volume and 40% by value, although these results remain 30% below 2008 levels. Exports to the US increased by 15% in volume and 8% in value.
Burgundy also reported continuing demand in Asia.
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