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Wall Street and the City have nothing to clink glasses to: the sales of champagne are visibly shaken

Par Vitisphere Le 13 octobre 2008
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Wall Street and the City have nothing to clink glasses to: the sales of champagne are visibly shaken
C

ustoms announced a drop in figures of champagne exports. In the USA, the sales have fallen from 15% to 20% in one year according to the sources and this tendency also touches the British market and other’s oversea. All together, champagne exports register a fall of 4% since the beginning of this year. 340 million bottles sold, is the predicton for this year, the lowest number since 2000.

CIVC (official champagne trade association) speaks of an overall drop in sales of 2,6% and a drop of 4,2% in the French market in the first 8 months of 2008. The Champagne trade association nevertheless stays calm, as 2007 was an extraordinary year and a slight slackness does not worry the Champenois, for who the return to the 2000 niveau is only evidence of an exceptional millenium so far. The fact that imports to America have dropped a little more then 22%, is explained by CIVC with the financial context and the particularly unfavourable financial exchange rate with the USA.
Exports to other regions in contrast, particularly to Asia and Russia, keep growing within the two digits: +10% in China, +19% in India and +35% in Russia.

The champagne producers of Wine Alley keep their heads up and are waiting to serve at your party: To meet them click here.

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