A loopy circle around where price is displayed for sherry (11)

I believe the answer is:

amontillado

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'sherry' is the definition.
(amontillado is a kind of sherry)

I can't explain the rest of the clue.

(Other definitions for amontillado that I've seen before include "Type of sherry" , "Kind of sherry" , "Drink" , "booze" , "Here's sherry" .)

I've seen this clue in The Independent.

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