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U.S. wine exports in 2014 second highest on record
U.S. wine exports in 2014 second highest on record

Exports of U.S. wine last year were the second-most valuable on record, reaching $1.49 billion in revenue, nearly all of it from California. The European Union was the largest buyer of U.S. wine at $517 million, followed by Canada ($487 million) and Japan ($88 million), the Wine Institute said Wednesday. About 90% of U.S. wine exports come from California. A strong dollar and a slowdown at the ports of Long Beach and Los Angeles over a labor dispute challenged exporters. Still, the volume of exports last year rose to 116.9 million gallons, up from 115 million in 2013 when revenue reached a record $1.55 billion. “With three back-to-back California vintages heralded for their...

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