CHILE: Wine export growth shrinks on falling prices
Chilean wine exports registered slow growth after the average price of wine dropped from US$2.15 to US$1.90 per litre during the year to November. The period's 3.2% increase in export sales was disappointing to winemakers considering last year's 16.3% growth. ChileVid, the trade association comprised of 35 emerging wineries in Chile, said the price drop occurred because growing export volumes favoured lower-priced bulk wines. Sales of exported bulk wines grew 50.2% during the term.
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