CHILE: Vina Miguel Torres exports up by 10%
Chile's Vina Miguel Torres winery has announced a 10% increase in wine exports during the first half of this year, compared to the same period of 2000.
Despite falling wine prices, Miguel Torres wines have maintained a relatively high price compared to other Chilean wines. Its average export wines sell for US$30 per 12-bottle crate, while the national average is only US$24 per crate.
Domestic sales also grew between 8% and 10% during the first semester of 2001, earning the company US$1.25m. Vinals Miguel Torres general manager said he expects domestic sales to reach US$2.6m by the end of the year.
Winery executives forecast exports to double by the end of 2001 with the potential 20% rise expected to earn the company US$5.4m.
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