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EU: Wine industry sees downturn in output, prices

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European Commission figures have shown that EU wine producers are facing falling production and lower prices.

Production fell 10.4% in 2005 from the heady levels of the two previous years. Prices also slumped, falling by 11.5%.

Prices and output have been partly depressed by overproduction in 2003 and 2004, leading to a spate of recent compulsory distillations.

However, the chief executive of the UK's Wine & Spirit Trade Association Jeremy Beadles warned that a "highly competitive marketplace", involving New World competition and a still weak US dollar, would continue exerting pressure on prices.

The figures - collated by EU statistical agency Eurostat - indicated that French wine production fell 9.7% in 2005, with drought-hit Spain and Portugal registering serious falls exceeding 20% compared with 2004.


Sectors: Wine

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