Bordeaux Sales Drop in China

The cut in purchase by the Chinese drinkers, led to drop in sales of Bordeaux wines by 1.4 percent last year and exports dropping by 6 percent.

The cut in purchase by the Chinese drinkers, led to drop in sales of Bordeauix wines by 1.4 percent last year and exports dropping by 6 percent.

While the volume of wine from the southwestern French region sold edged up 0.3 percent to 557 million litres, or 742 million bottles, by value it slipped 1.4 percent to 4.24 billion euros ($5.9 billion), the CIVB association of Bordeaux winemakers said.

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Exports fell 2 percent by volume to 213 million litres, and by 6 percent in value to 2.14 billion euros.

CIVB president Bernard Farges blamed the slump in exports on "the slowdown in China which has had exponential growth since 2005".

Sales in China fell 16 percent by volume and 18 percent by value, a drop of about 60 million euros. China and Hong Kong together account a quarter of Bordeaux's exports.

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Source-AFP

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