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The world's biggest wine fair opens in Bordeaux, wine capital
of France, this weekend, with vintners eyeing new tipplers in Africa as global
consumption rises in Asia and elsewhere.
The US and China are the
world's top wine-lovers, but Africa is the industry's next "future
destination", says the Vinexpo wine and spirits fair, in a market
expecting 3.5 percent growth over the next three years.
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In Bordeaux, 45,000
buyers from 120 nations will hop from luxury chateaux to prestige vineyards
partying and guzzling as France, the world's leading wine producer, lays out
its best bottles and fare for a five-day get-together starting Sunday.
AFP report continues:
Wine is France's
second-biggest export after aeronautics, accounting for half a million jobs,
and President Francois Hollande will be the first head of state to open the
Vinexpo fair.
But wine and spirits
consumption, though buoyant, faces "a changing picture" and
"many uncertainties", said the fair's CEO Guillaume Deglise.
"We're at a moment
of transition with well-developed markets on the wane, such as France because
of changes in consumption patterns and differences between generations,"
Deglise told AFP.
"It's important to
identify markets that will drive our exports outside of China and the US,"
he said.
Data surprisingly puts
populous Nigeria -- where just over half the people are Muslim -- as one of the
fastest-growing countries for champagne consumption, with the bubbly popular
among its oil-rich middle class, its hip-hop artists, and its movie stars.
And as sales of cognac
and other spirits slow in Asia, Nigerians spent US$700 million (621 million
euros) on spirits in 2012 and are expected to double that to US$1.5 billion by
2017.
The Vinexpo fair will
gather 2,350 exhibitors from 42 countries, two-thirds of them from France,
which last year produced 523 million 12-bottle crates.
Big producers Italy and
Spain too will be well-represented along with Portugal, Chile, Argentina, the
United States, Britain, Germany, South Africa, Australia and New Zealand.
Raising glasses will be
buyers and traders in all tipples -- reds, whites, roses, bubblies, sweet and
dry wines, sherries, cheap plonk and boutique brands.
Even Georgia's famed
old-world wines -- aged in amphoras according to a tradition that dates back
thousands of years -- will get headline attention as its wine techniques become
increasingly popular.
In France itself, some of
the talk is likely to focus on a controversial vote by French MPs last week to
loosen the country's tough 25-year-old laws on alcohol advertising.
The 1991 legislation, aimed
at fighting youth drinking, banned TV advertising of drinks with alcohol
content of more than 1.2 percent and showing brands in stadium hoarding.
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