Cork harvest up
The 2006 cork harvest in Portugal and Spain is reported to be 140,000 tonnes, 50% up on last year's figure and the largest cork harvest for nine years.
Prices for cork at the beginning of the harvest were up, as producers sought to gain stock after last year's small intake. As the harvest progresed, however, prices came down.
Cork use is declining due to competition from synthetics and screwcaps. The large 2006 harvest may enable cork suppliers to use lower price as an incentive for wineries to stay with cork .
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