Bulk sales

Sustained prices for base wines for Crémant de Bourgogne

Monday May 09 2016 by Vitisphere

By the end of March 2016, the trading season for bulk must and base wines for making Crémant de Bourgogne was virtually over. Noteworthy features include healthy sales and high prices, mirroring the previous season.

The 2015-2016 marketing year for must and base wines for Crémant de Bourgogne is drawing to a close and “the 2015 vintage is sold”. 102,000 hectolitres changed hands this year, compared with 117,000 hl last year, an 8% drop. However, Pierre du Couëdic, director of the Burgundy Crémant producers’ organisation UPECB, points out that the drop is due to the size of the 2015 crop which was smaller than 2014: “The amount of wine sold was therefore bound to drop too”. When expressed as a percentage of harvest volumes, sales are, effectively, virtually identical from one year to the next. “2015 therefore mirrored the dynamic 2014 financial year”, adds Pierre du Couëdic.
In terms of price points, 2015-2016 is also on a par with the previous year, with “relatively high prices” once again this year. At the end of March 2016, Chardonnay varietal base wines were selling for an average price of €674 per 228-litre barrel compared with €664 last year at the same date. Pinot noir varietal base wines fetched an average €677, versus €665 last year. According to Marcel Combes, managing director for sparkling wines at Louis Bouillot, sustained prices can be ascribed to the low-yielding crops prior to 2014 - with market players now needing to replenish inventories – though also to good sales performance for the 2012 and 2013 vintages of Crémant de Bourgogne. Conversely, the price of Gamay varietal base wines, which can be added to the blend up to a maximum 20%, showed no change at €360 a barrel.

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