French wine exports up – and down

28 August, 2008

Despite the economic downturn, wine drinkers are apparently abandoning cheaper French wines in favour of more upmarket alternatives.

The trend contributed to a six-month period in which French export volumes fell by 8.7% but the value of sales increased by 8.2% to £2.6 billion.

Ubifrance, the French export development agency, said the first half of 2008 had brought mixed fortunes for France’s wine exporters. The rising euro and increasing competition from the New World meant that vins de pays had found the going difficult in vital markets such as the UK, USA and Germany.

There was also some disappointing news from Champagne – a sign interpreted by some that a world recession is inevitable. Export volumes were down 4.2% and sales value by 1.3%.




Bookmark this


Site Search

COMMENT

Talking terroir

When Bordeaux was in fashion, it seemed almost logical that we should fetishise winemakers. Here were people responsible for brilliant acts of blending, across large estates and multiple grape varieties, including superstars such as cabernet sauvignon and merlot. These days, fashion has moved on and pinot noir is ascendant. As a result, the star of the winemaker has fallen and we find ourselves following a new star in the sky: terroir.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter