Bordeaux Sales Drop in China

by Dr. Enozia Vakil on  March 14, 2014 at 6:25 PM Lifestyle News
RSS Email Print This Page Comment bookmark
Font : A-A+

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.
 Bordeaux Sales Drop in China
Bordeaux Sales Drop in China

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.

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.

A crackdown on corruption by China's new leadership has hit sales of Western luxury goods as lavish gifts were often used to curry favour with officials.

Source: AFP

Post a Comment

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
Notify me when reply is posted
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor
Advertisement

Stay Connected

  • Available on the Android Market
  • Available on the App Store

Facebook

News Category

News Archive