Weak euro presents window of opportunity in wine investments
Weak euro presents window of opportunity in wine investments
Jul 5, 2010 6
SINGAPORE : Observers said they have seen a higher demand for assets like vineyards and wine-related investment products recently. That is partly due to a weaker Euro currency which presents wine funds a stronger buying power when making acquiring assets in Europe. The wine market is expected to grow at 5 per cent a year in Asia, compared to the world average of less than 1 per cent. China is expected to be among the leading growth markets - rising about by around 30 per cent over the next three years. Currently, China accounts for 4 per cent of the world's total wine consumption valued at some US$ 7 billion last year. This is expected to reach US$ 9 billion by 2013.
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