Industry association Viñas de Chile believes that the value of Chilean wine exports surpassed its US$800m target in 2004.

The association's most recent figures show that wine exports totalled US$759.7m in the first 11 months of last year, 25% up on the same period of 2003.

Exports in November were worth US$86.2m, 39.5% higher than the same month in 2003, suggesting that Chile's wine exporters were on course to comfortably meet their 2004 target.

The best performing company in the first 11 months of 2004 was Concha y Toro, with exports worth US$132.4m, 33.7% more than in the same period of 2003. Viña San Pedro was the second most important winery, with exports worth US$47.4m, a 21% improvement on 2003.