Wine News: French wine crisis worsens as exports tumble

"French wine exports sank again in the first quarter of this year, confirming a downward spiral which has plunged the sector into crisis and brought thousands of wine-growers out onto the streets in protest.

Apart from champagnes and sparkling wines, exports of French wine dropped some 13.0 percent in value and 13.2 percent in volume in the first quarter of this year compared with the same period last year, FEVS said.

This adds to the misery seen last year, when French wine exports lost some 9.2 percent in value, of which some US$943 million were lost in just the first quarter."

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Posted by Michael Dupuis at May 31, 2005 9:42 PM