NZ: Fortified wine sales dive after tax hike
Sales of fortified wines in New Zealand fell sharply in June, and were 53% lower than June 2002 levels according to New Zealand Winegrowers. The reduction follows the 87% tax increase on fortified wines imposed by the government on May 6. Citing data from the New Zealand Customs Service, Winegrowers said shipments of fortified wines from wineries were just 57,000 litres in June 2003, compared with 122,000 litres in June 2002.
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