2018 wine supplies at their lowest level in 6 years

Friday September 07 2018 by Vitisphere

According to estimates by the Languedoc-Roussillon co-operative wineries, the region’s wine supplies are at their lowest level in six years.According to estimates by the Languedoc-Roussillon co-operative wineries, the region’s wine supplies are at their lowest level in six years. - Photo credit : CIVL

17.8 million hectolitres is the estimated supply of wine in Languedoc-Roussillon according to Coop de France Occitanie. This is the lowest volume supply in six years and roughly equivalent to what Languedoc-Roussillon was able to market during the previous campaign, when volumes were drastically undermined by frost.

The decrease in supplies can be partly ascribed to the significant fall in inventories which dropped to 5.9 million hl - equivalent to the amount of wine leaving Pays d'Oc wineries last year - compared with 7.7 million hl in 2017. On top of this, the estimated crop this year is 11.8 million hl, the second smallest in six years.

Asked about the likely consequences of low supplies on the market, Ludovic Roux, chairman of the Talairan co-operative winery (Les Terroirs du Vertige , Cucugnan, Aude) is unfazed by the situation. “All the indicators are positive and inventories are down, which is a good thing. Also, the global crop appears to be at a normal level and relations established with the trade are clearly improving. So I don't see why there would be any tension”.

How much rosé will be produced?

Finally, rosé production volumes will play an important part in regulating the wine market in a region that stands as France’s leading producer of pink wines by volume. “Merchants have informed us that there are no more inventories of rosé wines. They are asking for approvals to be pushed through quickly so as to avoid any interruptions in supply”, said Roux. Faced with this incentive, will producers ramp up output of rosés or heed Roux's call for a measured approach? “With rosé, you should only produce the volumes that have been contracted”, he stressed. Overproduction in 2014 is a recent reminder of the risks – it took three marketing campaigns to wipe the slate clean...

 

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