Paris, Feb 11 (IANS) France posted record-breaking sales of wine and other spirits that earned the country a whooping 11 billion euros ($13 billion) in 2015, the media reported on Thursday.
Sales increased by 8.7 percent over 2014. The rise mainly came from a 12-percent jump in champagne and a 20-percent surge in cognac sales, Xinhua news agency reported.
Exports to China put up a remarkable 23-percent growth following sluggish sales for two years.
Exporters are now targeting common consumers in the country instead of focusing on proposing exceptional wines.
Weakening euro also played a part in the rise. However, the Federation of Wines and Spirits Exporters have warned of increasing competitions from France's rivals.
"This good result should not distract from the constant erosion of our market share," said Christophe Navarre, president of the French Federation of Wines and Spirits Exporters.
Navarre urged producers to come up with more low-priced wines in order to compete with Spain, Chile and Australia.
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.
Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.