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Pastimes : BEER

BUD 62.47

+2.8%

Nov 21 9:30 AM EST

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To: SIer formerly known as Joe B. who wrote (2071)	12/20/2002 12:56:07 PM
From: AugustWest	Read Replies (1) of 3689

Liquor sales threatened by informal economy Mexico, Dec 19, 2002 (El Financiero/SABI via COMTEX) -- The Mexican alcoholic beverages industry is suffering from a 5% to 6% drop in sales this year, mainly due to unfair competition from adulterated products and contraband, which accounts for 2 out of 3 bottles sold. The industry has tried special offers, discounts and the launching of new products to combat the threat, but is having difficulty competing with the lower prices of the illegal products. Including beer, sales this year in the legal industry will total 5.9bil liters, compared to 5.5bil liter in 2001. Copyright (c) 2002, South American Business Information, All rights reserved. -0- INDUSTRY KEYWORD: Beer, Wine & Liquor EVENT: Market Trends Legal * end of story *

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