ARGENTINA: Wine exports rise by 32%
Argentine wine exports rose by 32% to $105m in the first five months of this year, boosted by an increase in premium wine sales, the Argentine Wine Institute (INV) has announced.
Export volumes reached 520,743 hectolitres during the January-April period, up 27% from the same period in 2004. In value terms, Argentine wine exports totalled US$80.5m in the first five months, while sales in must form accounted for an additional US$24m.
The INV highlighted the strong increase in premium wine exports, which rose by 38% to 291,933 hectolitres. Table wine exports increased by 15% to 224,971 hectolitres while sparkling wine sales fell 5.3% to 2,939 hectolitres.
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