FRENCH EXPORTS GROW 8%, THANKS TO CHAMPAGNE AND COGNAC
French exports of wine and spirits rose 7.5% in the first half of 2007 to $5.62 billion, according to France’s export federation (FEVS). Champagne and cognac sales reportedly led the increase, while wine sales experienced a more modest growth.
Of course, this has been a problem for France for some time as New World wine producing countries gain scale internationally and domestic consumption drops. Over-production is also a factor in drawing back sales.
Overall champagne exports rose 13% in value and 8% in volume, while spirits jumped 9% in value and 20% in volume thanks to a 23% increase in cognac sales. Wine export sales were up 4%, with Bourgogne wines growing 21% and Bordeaux falling -2.4%. Wine volume rose 1.3%.
Of course, this has been a problem for France for some time as New World wine producing countries gain scale internationally and domestic consumption drops. Over-production is also a factor in drawing back sales.
Overall champagne exports rose 13% in value and 8% in volume, while spirits jumped 9% in value and 20% in volume thanks to a 23% increase in cognac sales. Wine export sales were up 4%, with Bourgogne wines growing 21% and Bordeaux falling -2.4%. Wine volume rose 1.3%.
posted at 1:42 PM
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