FRANCE: Wine export volumes down, values up in H1 - figures
French wine exports for the first half of this year have fallen in volume but risen in value, according to recent figures.
A report from Ubifrance, the French agency for export development, said yesterday (20 August) that wine volumes exported between January and June fell by 8.7% year-on-year. In value terms, however, exports were up by 8.2% to EUR3.2bn (US$4.75bn).
"It is not the only reason values are up, but one of them is the sales of Bordeaux 2005," Herve Henrotte of Ubifrance told just-drinks.
Exports from Bordeaux for the period were up 42.5% on the first six months of 2007, to EUR918m.
Henrotte also said the fact that export volumes of cheaper wines were sharply reduced in the first half of 2008 was partly a correction on 2007, when exports of these wines to Russia rose significantly during the ban on Moldovan wine imports.
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