Posts Tagged ‘currency rates’

Record exports for SA Wine in 2012!

Record exports for SA Wine in 2012!

 

South Africa smashed its previous record to export the largest amount of wine to date in 2012.

 

The 417 million litres exported last year is a 17% increase on 2011 and 10 million more than the previous record set in 2008.

 The record export year is the result of favourable currency rates, as well as a significant drop in the harvests of competitor regions including Europe, South America, Australia and New Zealand.

 

Bulk exports made up 59% of volumes as local producers strived to compete globally and meet market demands.
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