French wine producers exported less wine in the first half of this year but got more for it than a year earlier as overseas markets opted for more expensive wines, a report said.
Ubifrance, the French export development agency, said export volumes fell 8.7 percent in the six months through June. However, the value of French wine sent overseas increased by 8.2 percent to 3.2 billion euros ($4.7 billion).
The author of the report, Herve Henrotte, warned against celebrating the rich returns, which "concerns only a small category of products, hiding a less euphoric reality."
While fine Bordeaux and other vintage wines are popular exports, lower-quality wines and lesser-known wine regions struggle against competitors from countries such as Australia, Chile and the United States.
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