Subscribe free to our newsletters via your
. Military Space News .




FARM NEWS
Drop in China, HK demand dries up Bordeaux wine sales
by Staff Writers
Paris (AFP) Oct 14, 2014


A dramatic decline in demand from China and Hong Kong has dried up sales of France's famous Bordeaux wine, data from the professional association published on Tuesday showed.

At the end of July 2014, overall sales of Bordeaux wine for export stood at 2.17 million hectolitres (roughly 271 million standard bottles), an eight-percent drop.

This resulted in an 18-percent decline in turnover, according to the CIVB association of Bordeaux wine professionals, to 1.81 billion euros ($2.3 billion).

"China is going through an economic slowdown and has reduced its trade with the rest of the world," complained Bernard Farges, CIVB president.

However, he said the disappointing figures were "not a surprise" given the poor 2013 harvest.

China and Hong Kong led the declines. China saw an annual decline of 25 percent in terms of volume and 26 percent turnover. Sales to Hong Kong were down nine percent in volume and seven percent in cash terms.

Farges noted that the Chinese market had gone from 10,000 hectolitres in 2005 to 392,000 now, so it needed a "breather".

The French wine industry has recently blamed an anti-corruption crackdown and frugality drive in China for a collapse in sales.

The European market was also down three percent at the end of July compared to last year, CIVB said.

.


Related Links
Farming Today - Suppliers and Technology






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





FARM NEWS
Brazil beef exports soar on Chinese, Russian demand
Rio De Janeiro (AFP) Oct 10, 2014
Brazil beef exports jumped seven percent this year so far, in part due to rising Russian demand as Moscow turned away from US and European sources in retaliation against sanctions, an industry group said Friday. Exports also rose sharply to Hong Kong, point of entry for China, which saw an increase of 9.12 percent, to 293,000 tons of beef, through September, said Brazil's Association of Meat ... read more


FARM NEWS
SBIRS GEO-4 payload ready for integration

US Rear Admiral to head missile shield base in Romania

Poland urges NATO to push ahead with missle shield

Saudi Arabia seeks billion-dollar air defense deal

FARM NEWS
Lockheed orders more cruise missile bodies from Exelis

MBDA continues British missile support

Nulka missile decoy system undergoing upgrade

UAE asks U.S. for $900M rocket artillery deal

FARM NEWS
NMSU Physical Science Lab tests unmanned aircraft over active mine

DARPA Awards AeroVironment Phase II Tern Contract

US drone strike kills four in NW Pakistan: officials

Airbus seeks civil certification unmanned aerial vehicle in Europe

FARM NEWS
Northrop Grumman Debuts Low-Cost Terminals To Protect US Warfighters

'Space bubbles' may have aided enemy in fatal Afghan battle

Space control Airmen ensure constant communication

Russian Aerospace Defense Forces Again Dismiss Satellite Explosion Rumors

FARM NEWS
New Marine Corps intel contract for Engility

Using Light Frequencies to Sniff Out Deadly Materials from a Distance

US sentences Russian for night-vision arms conspiracy

New Polaris combat vehicle on the market

FARM NEWS
BAE Systems cuts 440 jobs mostly in Britain

US-led air war a boon for defense contractors

Four countries request U.S. Foreign Military Sales deals

German push onto world stage hit by defence failures

FARM NEWS
Li visits Germany, China's 'anchor' in Europe

Pentagon chief in trip to Colombia, Chile, Peru

Obama urged to press Xi on Hong Kong's democracy

Hong Kong, the golden goose Beijing cannot sacrifice

FARM NEWS
DNA nano-foundries cast custom-shaped metal nanoparticles

Nanoparticles Break the Symmetry of Light

Nanoparticles give up forensic secrets

All directions are not created equal for nanoscale heat sources




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.