South African wine industry optimistic
date:Jan 16, 2013
. She explained that over the past decade, bulk wine exports from the major New World wine-producing countries had risen from around 20 percent to over half of wine volumes traded, against the background of protracted recessionary market conditions.

The reality we face also confronts Australia, Chile, Argentina and even New Zealand.

She said while packaged wines generally offered higher returns, local producers had been forced to accept that to compete globally, they had to provide what the m
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