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Spain's wine surplus spills across planet

In their fields of vines in deepest Spain, the winemakers at the Jesus del Perdon cooperative smiled last August: the blend of rain and sun promised a bumper grape crop. They didn't expect just how big. It vaulted Spain to the world's biggest wine producer, forcing its vintners to compete abroad in a tough market to sell off the surplus. Spain overall produced 50 million hectolitres (6.7 billion bottles) of wine in 2013, a 41 percent surge from 2012, the Spanish agriculture ministry says.

Italy bids to close gap in wine exports to China

Italy is bidding to close the gap with its competitors in wine exports to China, said organisers of a major wine fair that opened on Sunday with a Chinese commerce ministry delegation in attendance. The Vinitaly fair in Verona in northern Italy is "a connecting bridge between Italian wine producers and the Asian market, which is close to becoming the biggest consumer of wine in the world," organisers said in a statement. Italy is only fifth among countries exporting wine to China with a market share of 6.2 percent and "it needs to close the gap", the statement said.

US wine exports hit record $1.4 bn in 2012

US wine exports uncorked a record year in 2012, bringing in $1.43 billion in revenues as demand grew in Germany, Sweden, Japan and China, the Wine Institute said Thursday. Wine exports -- 90 percent from California -- rose by 2.6 percent, the third year in a row of increases, said the San Francisco-based institute, which represents the California wine industry. Volume shipments reached 424.6 million liters, or 112.2 million cases, last year, a slight slowdown from 2011 shipments of 425.5 million liters (47.3 million cases).
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