Recession hits Rioja
One of Spain´s most popular wines has been hard hit by the recession with tipplers watching their cash carefully.
The council that administers the Denomination of Origin for Rioja has reported that, in the first four months of this year, domestic sales of non-vintage Rioja fell only 2.4 per cent, to 34.8 million liters, sales of vintage fell a whopping 12.60 per cent to 53.9 million liters.
Sales of Rioja aged in the barrel fell by 20 per cent and reserve labels plunged 24 per cent. Exports have also been hard hit, falling 16.3 per cent.
Rally to Rioja open a bottle now.
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©Phillip Bruce 2009
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