Analyst says U.S. wine production, consumption up
Analyst says U.S. wine production, consumption up
Feb 12, 2013 6
(AP) — U.S. residents now make up the largest wine market in the world, consuming 13 percent of all that's produced globally, according to an analyst who spoke Wednesday at a major wine industry gathering.
Jon Fredrikson told executives at the Unified Wine and Grape Symposium that U.S. production increased 2 percent last year to help meet demand.
"This market was brutally competitive," Fredrikson told the crowd.
Bulk wine imports from Argentina helped slake the thirsts of U.S. consumers, followed by Chile and Australia. New Zealand has boosted its planted acreage by almost a quarter and is expected to become a bigger player, especially with production of sauvignon blanc.
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