Italian Food And Wine Exports Set To Grow In 2017

By Branislav Pekic
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Italian Food And Wine Exports Set To Grow In 2017

Italian food exports are up by a record 10.9% year-on-year in the first six months of 2017, according to farmers' lobby group Coldiretti.

This is compared the same period last year, when exports reached a historic high of €38.4 billion, reports Il Velino.

Almost two-thirds of agri-food exports go to other EU countries, with Germany and France receiving the highest amount in value terms, followed by the US and the UK. The most exported Italian agri-food product is wine, followed by fresh fruit.

Wine Growth

Coldiretti is forecasting a 4.7% growth in Italian wine exports compared to last year, when exports reached a total of €5.6 billion. However, wine production is expected to fall 10-15% compared to last year's 51.6 million hectolitres, mainly due to a mild winter, frost damage, persistent drought and localised hailstorms.

The group is also expecting Italy to overtake France as the leading wine producer, as the initial estimates show a sharp decline in production in France and Spain due to late frosts and drought conditions.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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