Portugal's wine sector optimistic about reaching 1 bln euros in exports in 2026

LISBON, Jan. 6 (Xinhua) -- Portugal's wine sector expects exports to reach 1 billion euros (1.17 billion U.S. dollars) mark by 2026, driven by market stabilization, diversification beyond the United States and higher average export prices, the Institute of Vine and Wine (IVV) said Monday.

Francisco Toscano Rico, president of the IVV, Portugal's official wine statistics and regulatory body, announced the forecast