SPAIN: Exports on the up despite fall in prices
Spanish wine exports increased 3.3% in the first ten months of 2004, reaching a total of €1.232 billion (US$1.632 billion).
The Spanish Wine Federation (FEV) said that while the average price per litre had fallen by 11%, an increase in bulk table wines had helped drive volumes up 16.3% to 1,214 billion litres.
Bulk table wines rose 39.4% in volumes compared to a 12.7% rise in bottled table wines went up 12.7%.
Of more concern to producers, bottled wines of Protected Denomination of Origin (PDO) fell 0.5%.
Of Spain's export markets France and Germany remained the leading destinations.
Exports to Germany were up 19.5%, while French sales registered a 12.6% increase.
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