From: lewis.perdue@wineindustryinsight.com
Subject: Restaurant sales growth continues - Michael Mondavi sells Carneros Winery - Wine Biz Slow to React to Fraudsters - China Slowdown Threatens Wine Boom - Artesa Nixes Annapolis Vineyard - Pesticide Rebel Fined 2 Euros -- JUNE 6, 2014 - WINE NEWS FETCH
Date: 2014-06-05 18:57:33
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Although the EU and South America have historically dominated exports of bulk wine, Australia and South Africa have greatly expanded their exports. As a result, their combined market share now accounts for 40 percent, up from only 22 percent a decade earlier. South Africa’s weaker currency has given the country a comparative advantage.Australian exporters are shipping more lower-priced wine in bulk because of their stronger currency and higher bottling costs.
Source: USDA, Foreign Ag Service
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