US: Wine exports on-track to break record
US wine exports motoring in 2011
Exports of US wine for 2011 are expected to set a new record, according to the California-based Wine Institute.
US wine exports rose by 26% for the nine months to the end of September, to US$1bn, according to Wine Institute figures published at the end of last week. Export volumes rose by 7% on the same period of 2010.
The momentum puts exports on-course to break a new record in 2011. "With the fourth quarter left to report, traditionally the biggest three months of the year for shipments, Wine Institute’s international department estimates that exports are on-track to surpass last year’s record in both dollar value and volume in 2011," said the Institute.
In 2010, US wine exports reached $1.14bn. California represents around 90% of US wine exports by volume and exports represent around one fifth of California's wine output.
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