Average prices of appellation wines from three regions converge

Wednesday April 04 2018 by Vitisphere

The beginning of 2018 was marked by a significant rise in red PDO wine prices.The beginning of 2018 was marked by a significant rise in red PDO wine prices. - Photo credit : Creative Commons CC0

The Agreste newsletter dated March 2018 provides an update on the situation for French wines for the first part of the 2017-2018 buying campaign (from August to January).

In the section on prices, there is a clear trend towards convergence of the average values of bulk wines from three regions, namely Bordeaux, Burgundy and the Rhone Valley. The period studied runs from July 2016 to January 2018. While Burgundy has remained fairly stable over the period, at an index of around 120, Bordeaux and Rhone appellations have seen their average price jump since June 2017. Over six months, Bordeaux increased by +18% and the Rhone by +23%. The outcome was that at the end of January 2018, the average value of both was almost on a par with the Burgundy appellations, with Bordeaux even exceeding them.

Interestingly, most wine-growing regions are affected by the increase in PDO wine prices, with Pays Nantais appellations surging 26% over one year and rosé wines from Provence rising by 15%.

In its latest economic report, FranceAgriMer highlights “very good performance" for red and rosé PDOs during the start of the bulk marketing campaign; wine prices in Rhone-Provence and Bordeaux are experiencing a “strong increase”.

 

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