News Briefs for March 1, 2018March 1, 2018
•U.S. wine exports fell 8% by volume last year to 38.5 million 9-liter cases, according to recently released data from the U.S. Department of Commerce. Exports peaked in volume terms at 51.3 million cases back in 2004, according to Impact Databank. In value terms, exports declined at a more modest 5.5% to $1.46 billion in 2017. Still table wines accounted for 88% of all American wine exports last year but declined 11%, while vermouth and aperitifs more than doubled and sparkling wine surged 26%. The U.K. remains by far the largest export destination for American wines, at 12.9 million cases in 2017, down 3%.
•Indiana governor Eric Holcomb has signed a bill that repeals the state’s ban on Sunday alcohol sales. Beginning Sunday, March 4, Indiana retailers can choose to open and begin selling alcohol at noon. Sunday sales of alcohol have the potential to generate between $7.7 million and $11.5 million in additional tax revenues for the state, according to the Distilled Spirits Council of the U.S., while sales volume could increase by 4%-6% annually, amounting to $3.3-$5 million in new retail sales. Since 2002, 19 states have passed legislation allowing Sunday spirits sales, bringing the total to 41 states.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.