US is No.1 wine market
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Analyst Jon Fredrikson this week told an industry gathering in the US that Americans consumed 13 per cent of all wine produced globally.
US production rose 2 per cent last year to help meet the demand, Mr Fredrikson told the Unified Wine and Grape Symposium. But bulk wine imports from Argentina, followed by Chile and Australia, also helped.
New Zealand had boosted its planted acreage and was expected to become a bigger player, especially in sauvignon blanc.
Wine consumption is decreasing in France and Italy, so foreign producers are targeting the US market.
Overseas wines now account for 35 per cent of sales in the US.
Mr Fredrikson said consumers were driven to cheaper imports by grape shortages in the US in 2010 and 2011 that resulted in higher prices for domestic wines. Even the Charles Shaw label - known as "Two Buck Chuck" - was forced to raise prices this month, by US50¢ (48¢) a bottle.