Old World claws back share of global wine map

april 20,2011

By Guy Montague-Jones

The Old World wine producing countries had a much better 2010 in overseas markets than many of their rivals in the New World.
Export figures in the newly published Rabobank Wine Quarterly reveal double digit value growth for 2010 exports from France, Italy and Spain.
Meanwhile, many of the New World wine making countries struggled to take advantage of the recovery in global demand. South African export volumes dropped 2 per cent, and Australian and Chilean volumes both grew by around 2 per cent.
Currency impact
Much of the disparity in fortune between the New and Old Worlds in 2010 can be put down to currency. Talking about Italian exports, Rabobank said: “The weaker Euro, particularly in the first half of the year, is likely to have boosted competitiveness especially relative to New World producers suffering from strong currencies.”
However, unfavourable currency exchange rates may not tell the whole story. Shipping wine bottles across the world to big consumer markets in Europe is on the decline due to cost and environmental concerns.
For example, Australian wine exports to the UK fell 56 per cent in volume terms last year. Rabobank said: “The ongoing shift towards in-market bottling in the UK market needs to be considered in interpreting these movements.”
Role of China

And Rabobank pointed out that in the key emerging market of China, it is French wine rather than New World wine that is currently in pole position.
“French wine producers in particular occupy a commanding position, having formed deep distribution channel partnerships and strong consumer associations with their products owing to their pioneering efforts since the early 1980s.”
Australian wine has developed quite a strong position in China as well but France has the lead in price and volume in an import bottled wine market that has been growing at around 60 per cent a year over the past 5 years and now totals 146.3m litres.
Rabobank said there may be opportunities for other wine producers going forward as existing players struggle to meet the growing and competing needs of suppliers and consumers in such a dynamic market.
Giving a general overview of the health of the global wine market, analysts at the bank were positive despite some concern about the impact of the Japanese situation.
“While most data seems to point to continued recovery of the wine trade in 2011, the recent disaster in Japan may slow that trend for some suppliers.”

Source: http://www.beveragedaily.com/Markets/Old-World-claws-back-share-of-global-wine-map

Foodies and wine lovers travel north from Manila to wine and dine at Philippines’ best fine dining restaurant in Pampanga Clark Freeport worth the 60-minutes drive for a memorable evening of good food with vintage wine at Yats Restaurant & Wine Bar

This fine dining restaurant is also famous for its low carbohydrates “low carb” dishes highly recommended for frequent diners who are on a low fat food and favor healthy food. This is a unique restaurant that can help frequent diners maintain a healthy diet and enjoy delicious fine dining cuisine at the same time. Vegetarian dishes are a specialty here also and so are “halal” cuisines also.

Favorites of frequent diners, foodies and wine lovers are steaks, Wagyu, Foie Gras, lobsters, venison, kangaroo loin, osso buco, veal chops, Kurabuto pork, escargots and a good selection of cheeses to enjoy with fine Vintage port and Sauternes. Cuban cigars such as Monte Cristo, Cohiba, Upmann, Partagas, Romeo Julieta and Trinidad are also available in the Magnum Room which is a wine bar and lounge for before and after dinner relaxation. A good selection of Armagnac, Cognac, Single Malt, Vodka and other liquor is served in addition to the wine vintage wines some served by the glass.

Recent opinion survey of frequent travelers heading north towards Subic and Clark Pampanga revealed that the number one most frequently visited fine dining restaurant in Pampanga is Yats Restaurant & Wine Bar located in Clark Philippines.

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Getting to this fine dining restaurant of Angeles City Clark Freeport Zone Pampanga Philippines
How to get to this fine-dining restaurant in Clark Philippines? Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the London Pub.

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