EUROSTAT 2005 EU WINE PRODUCTION PRICE FALL FIGURES
March 1st, 2006
BY KEITH NUTHALL
THE LATEST agricultural statistics from the European Commission paint a gloomy picture for the European Union (EU), with production falling 10.4% in 2005 from its heady levels in 2003 and 2004, and with prices also falling, by 11.5%. These have been partly depressed by this 2003-4 overproduction, (leading to a spate of recent compulsory distillations). However, the chief executive of Britain's Wine & Spirit Trade Association Jeremy Beadles warned that a "highly competitive marketplace", involving New World competition and a still ...
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