French wine exports plunge | Warwick Business | Business News for Warwick, Australia
French wine exports plunge
FRENCH wine exports plunged by almost a fifth in 2009, reverting back to the same level as a decade ago, business association Ubifrance said on Wednesday.
Exports fell to 5.5 billion euros ($A8.31 billion) while their volume dropped 8.7 per cent to 12.5 million hectolitres, the body said. Exports of spirits were down by 12 per cent to 2.3 billion euros ($A3.51 billion).
The French wine industry had "its worst year for a long time and is back to levels comparable with 10 years ago," the association said in a statement.
All markets declined except China, it said, particularly Britain, France's biggest wine export market.
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