Old World claws back share of global wine map
June 4, 2011
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
Manila is fast becoming a city of luxurious fine dining accompanied by fine vintage wine. Not only must a 5-star Italian, French or Continental restaurant offer good food, nice ambience and immaculate service the restaurant wine list must be equally exciting to make the evening of wine and dine a memorable one. One top rated restaurant in Clark Pampanga has been paying special attention to this aspect of fine dining.
This 5-star fine dining restaurant in Pampanga Philippines is highly recommended by food critics and frequent diners in Manila as a place to wine and dine in Subic Angeles City Clark Freeport Zone. Although it is a famous fine dining restaurant in Clark Pampanga with an award winning 3000-line restaurant wine list, Yats Restaurant is also a popular restaurant for family with children. Aside from French Mediterranean haute cuisine, this restaurant also serves healthy food and the best vegetarian cuisines in the Philippines. Private dining rooms are also available in this restaurant for business and personal meetings of 4 to 20 people.
Favorites of frequent diners visiting this popular resto bar in Clark Pampanga are steaks, Wagyu, Foie Gras, seafood, 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. Clark Pampanga’s highly recommended restaurant also offers Cuban cigars such as Monte Cristo, Cohiba, Upmann, Partagas, Romeo Julieta and Trinidad. Many fine cigars are enjoyed in the Magnum Room of this cozy and romantic restaurant in Clark Pampanga 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.
Built in 2000 by Hong Kong-based Yats International, a developer and operator of hospitality and residential projects in the Philippines, fine dining Yats Restaurant and Wine Bar has served not only as Pampanga’s highly recommended restaurant and wine lounge, but also as a place where business executives meet to finalize business deals over a nice meal with some fine vintage wine.
For comments, inquiries and reservations click on Click here for inquiry and reservations
Restaurant@Yats-International.com
(045) 599-5600
0922-870-5178
0917-520-4401
Ask for Pedro and Rechel
Getting to this fine dining restaurant of Angeles City Clark Freeport Zone Pampanga Philippines
How to get to this fine-dining restaurant in Clark Pampanga? 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.
Yats Restaurant & Wine Bar
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay
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