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To: Dayuhan who wrote (8881)9/22/2003 5:28:52 AM
From: Bill Ulrich  Respond to of 793684
 
Wine exports are down (around 9-10% by some estimates). Since our French shopping list is mostly industrial products (chemicals, machinery, transport equipment) — emotional Chardonnay-sipping consumers were never destined to have much impact. The volume of bluster about French wine greatly exceeded its actual US import volume, about 4% of total. Well, 10% less of the 4%, now.

"I'd have expected a bigger drop, purely on the basis of the dollar weakness in the second quarter. Doesn't look like the boycott is doing much."



To: Dayuhan who wrote (8881)9/22/2003 12:21:27 PM
From: Nadine Carroll  Respond to of 793684
 
If imports are level or down in US dollars, then they dropped over 15% in volume, given the currency changes - unless the French importers just ate the loss, which I doubt.