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Tokaj Kereskedőház looks to double wine export to US

State-owned wine trader Tokaj Kereskedőház may double its exports to the United States, CEO István Kiss said on Tuesday, a few days after returning from a trip to the country.

Tokaj Kereskedőház sold 250,000 bottles of wine in the US last year thanks to a contract with membership warehouse chain Costco, Kiss said. A new contract could generate sales on the same scale, he added.

About 3 million of the 7 million bottles of wine Tokaj Kereskedőház sells each year are exported. About 2.5 million bottles are sold on markets in Eastern Europe.

Tokaj Kereskedőház is supplied by more than 2,000 winegrowers in the Tokaj region.