SPAIN: Wine exports rise 19% through August
Spanish wine exports leapt 19% to 945m litres in the first eight months of 2004, helped by buoyant demand from key importers Germany and France, according to wine federation FEV.
Export value rose 5.5% to €932m at average prices €0.99, which were down 11.3% from last time.
Despite overall rising volumes, FEV said that foreign sales of original label wines fell 4.2% to €198m litres but that their value dropped just 0.17% to €463.8m on a 4.2% price hike to €2.34 per litre. Table wines exports rose 40.9% but more moderately than in prior months.
Although exports continued to rise, the FEV said "lower value" references predominate and urged wineries to promote original labels more aggressively.
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