France posted record-breaking sales of wine and other spirits that earned the country a whooping 11 billion euros ($13 billion) in 2015, the media reported. Sales increased by 8.7 percent over 2014.
Weakening euro also played a part in the rise. However, the Federation of Wines and Spirits Exporters have warned of increasing competitions from France's rivals."This good result should not distract from the constant erosion of our market share," said Christophe Navarre, president of the French Federation of Wines and Spirits Exporters.Navarre urged producers to come up with more low-priced wines in order to compete with Spain, Chile and Australia.(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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Weakening euro also played a part in the rise. However, the Federation of Wines and Spirits Exporters have warned of increasing competitions from France's rivals."This good result should not distract from the constant erosion of our market share," said Christophe Navarre, president of the French Federation of Wines and Spirits Exporters.Navarre urged producers to come up with more low-priced wines in order to compete with Spain, Chile and Australia.(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)