Wine sales growth slows to 2% as consumers upscale

SACRAMENTO — Growth in U.S. wine sales slowed in 2015 as competition heats up globally to slake the thirst of wine consumers for higher-priced wines, according to experts at a major wine industry conference. “When you look at it from 60,000 feet overall, the wine business is great; it’s booming and things look very good for the coming year, including this year.”

Reblogged 1 year ago from www.winebiz.com.au

New Zealand wine exports reach record $1.5 billion high

New Zealand wine exports have reached a new record high of $1.54 billion for the 2015 year, up 14 per cent on 2014 according to New Zealand Winegrowers. “The new record level of wine exports is an outstanding achievement for New Zealand wine exporters and testifies to the strong global demand for our wines,” said Philip Gregan, CEO of New Zealand Winegrowers. New Zealand wine is exported to more than 90 countries, and is New Zealand’s sixth largest export good.

Reblogged 1 year ago from www.winebiz.com.au