2017 vintage non-GI wines see prices surge

Wednesday April 25 2018 by Vitisphere

The average price of varietal-labelled and generic reds rose from €64.4 to €80.1 /hl between the old and new vintages; whites from €69.5 to €83.9 /hl and rosés from €61.9 to €81.8 /hl.The average price of varietal-labelled and generic reds rose from €64.4 to €80.1 /hl between the old and new vintages; whites from €69.5 to €83.9 /hl and rosés from €61.9 to €81.8 /hl. - Photo credit : DR

Scarcity has caused prices of French non-GI wines from the 2017 vintage to rocket compared with the 2016s, with the reds rising 24%, the whites 21% and the rosés 32%. The data was thrown up by a FranceAgriMer market analysis, 35 weeks into the 2017/2018 buying campaign.

 

The average price of reds – both varietal-labelled and generics – rose from €64.4 to €80.1/hl between the old and new vintages; whites from €69.5 to €83.9/hl and rosés from €61.9 to €81.8/hl.

 

Traded volumes rose by 21% for the reds (836,000 hl), 29% for the whites (754,000 hl) and 47% for the rosés (273,000 hl). The increases can be ascribed to significant clearances of wines from the 2016 vintage.

 

Back to prices, “the 2017 reds and rosés are at their highest level for 10 years”, said Julie Barat. At the beginning of the campaign they were practically at the same level as Italian wines and slightly above Spanish, but the gap with France’s competitors has widened again. At the beginning of March, red wines from Spain were trading at around €4.6 /°/hl, those from Italy at €5.5 /°/hl and those from France at €6.3 /°/hl.

For whites, the gap is even more impressive: €4 /°/hl from Spain, €5.7 /°/hl from Italy and €7.1 /°/hl from France.

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