Value of US wine exports falls for first time in seven years

United Kingdom

Justin Knock, MW, Wine Institute United Kingdom trade director 

“Sales of premium, super-premium and luxury Californian wines continue to be robust despite very challenging currency-led price increases. In 2016, the pound was valued at $1.46. A year later it dropped 17% to $1.21.

“Price increases were largely passed through to consumers as increased shelf prices. The pound has strengthened in the past six months, and we expect this will be positive for California wines in the first half of 2018 as importers look to replenish stocks at more favorable prices.”

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