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Bulk wines: Prices of French appellation wines drop, but remain high

Par Vitisphere Le 04 juillet 2015
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Bulk wines: Prices of French appellation wines drop, but remain high
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fter a surge in average prices of French appellation wines – excluding Champagne – during the 2013-2014 financial year, the year to date (August 2014 to April 2015) has witnessed a decline. Since reaching a peak in May 2014, prices have constantly fallen, even dropping below their level of the previous year in February 2015. Despite the shortfall, however, “they remain high”, particularly when compared to the five-year average, say the authors of a report by Agreste, which puts the current figures into context.
One of the most affected regions is Burgundy where prices soared to new heights in May 2014, before dropping by 7% over the year. However, they remain well above the five-year average (+26%).  “Limited declines in the prices of appellation wines since May 2014 can be ascribed to an increase in availabilities following the rise in production over the year – 22 million hectolitres compared with 18.8 mhl in 2013 (+17%) – and by the decrease in export volumes in 2014”, states the report.

[Source: Vitisphere; Illustration: Producer prices of appellation wines have shown a downturn; Credit: Agreste]

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