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Jan 24

FRANCE: Burgundy wine exports turn sour

Tag: Länder,Regionensigi.hiss @ 09:38

Stuart Todd – A 13% decline in Burgundy wine exports for the first ten months of 2008 was less severe than expected, but problems are growing in the US and UK, regional wine trade body BIVB has said. Burgundy exports fell 12.7% by volume to 78.6m bottles and 9% by value to EUR538.5m for the ten-month period, the Bureau Interprofessionnel des Vins de Bourgogne (BIVB) has said. „The world economic crisis raised fears of a collapse in wine sales but these latest figures show that the decline in Burgundy exports is a relative one,“ the BIVB said, adding that exports were ahead of figures for 2006.

Exports to Burgundy’s principal markets, the US and UK, were down 20% in volume between January and November 2008, accounting for 80% of the global decline. The BIVB warned of a mature but stagnant UK market, „where government policy to reduce alcohol consumption (with a double hike in excise duty in 2008), added to the weakness of sterling against the euro, can only lead to a reduction in wine sales, especially in an economic slowdown“.

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