PGI Côtes de Gascogne benefits from global wine shortage

Wednesday December 13 2017 by Vitisphere

- Photo credit : CVG

Our rate of sales is six to eight weeks ahead of schedule. By the end of December, we will have already reached the level of sales normally registered in February! This year, merchants are buying immediately to secure volumes”, comments Bordeaux wine broker Henri Ferret. Whilst the global wine harvest plummeted to a record low this year, Gascony seems to have come out almost unscathed. Estimates point to a 20% fall in this year’s crop compared with the bumper harvest of 2016 (1.5 million hectolitres, in the bottom half of the region’s average production).

Demand in the 2017-2018 financial year is both strong and early in the Côtes de Gascogne region of South-West France. However, the director of the PGI Côtes de Gascogne section of the marketing board, Alain Desprats, remains cautious: with sales of 25,000 hectolitres registered at the beginning of December, compared with 1,000 hl a year ago, official statistics have yet to become significant.

Securing supplies

Although the delay in accounting at the marketing board prevents precise figures from being released at this stage of the year, there is no denying that it has got off to a quick start. In September, must classified as Vin de France was already being bought to meet the needs of firms in other regions to supply their brands. Broker Henri Ferret witnessed a 15% increase in average prices, which rose from 50 to 60 euros for Ugni blanc and Colombard and from 70 to 80 euros for Sauvignon blanc. 

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