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Aussie Wines Edge Out Italians in American Market

There's more good news for Australian wines. For the first time, they have edged out their Italian competition from the top spot in the US market, after growing by 13.7%, reports the news agency AGI, quoting figures released for January 2006 by the Italian Food & Wine Institute. Italy has a considerable market share of 29.1%, but Australian wines have raced forward, powered by competitive prices.

Italy's wine industry produces 48.1 million hectolitres in 2005 and exports provided a third of its national turnover of 9 billion euros.

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