GLOBAL: World wine sector improving - Rabobank
GLOBAL: World wine sector improving - Rabobank
Jan 21, 2011 6
There are signs that the pricing rot on the world wine market is slowing, according to analysts at Rabobank.
Prices are falling less steeply and have begun to rise for some producers in the world's major wine producing nations, Rabobank said in its quarterly wine sector review. It said that a better balance between supply and demand is driving the improved outlook.
"The light global crop of 2010, the improving global economy and the unloading of excess stocks over the past year appear to be taking some of the pricing pressure off major suppliers," said Rabobank today (21 January).
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