TRADE / ECONOMY | MARKET CONDITIONS | MARKETING | DISTRIBUTION | WINE TOURISM
Market conditions
Despite a very uncertain future, and a shortfall in the bottom line, the decision was made to maintain funding for various development, promotion and technical activities for the coming financial year.

Friday July 10 2020

Burgundy is “the French wine region apparently suffering the least”

If comments by the chairman of the Burgundy wine marketing board (BIVB), Louis-Fabrice Latour, are anything to go by, Burgundy's wine
Market conditions
“The crisis we are going through is the worst since Champagne was created. Weathering the storm is not about resolving the sum of individual interests but promoting the collective interest”, stresses Maxime Toubart.

Monday June 29 2020

Tensions mount over 2020 yields for Champagne

Covid-19 is not going to undermine the spirit of dialogue and togetherness that has always presided over economic management of the Champagne (...)
Market conditions
Burgundy wines posted a drop in exports over the first quarter of 2020, in a challenging economic environment, particularly due to the Trump tax

Tuesday June 16 2020

Slow-down for Burgundy wine exports

Shipments of Burgundy wines over the first three months of the year were down 2.6% by value with revenue dropping 8.2% compared to the 1st (...)
Market conditions
Rhone firms should not need to resort to crisis distillation

Monday June 08 2020

The local market at the core of the Rhone Valley’s recovery plan

The Rhone Valley wine industry presented its new plan to revive sales of Rhone wines following the coronavirus crisis on June 4 at a press (...)
Market conditions
Although the government has outlined proposals, it has not yet reached a firm decision on its aid plan for the wine industry.

Tuesday June 02 2020

France decides to finance distillation to reduce volumes

The French government aid plan for the wine industry, which was revealed at a meeting attended by several ministers on May 29, is to introduce (...)
Market conditions
“The [coronavirus] crisis will have an impact, and there is no reason why it should be any different to other crises: a drop in sales and then a rebound. What we don't know today is how long it will last”, said Patrice Pinet.

Wednesday May 27 2020

Sales of Cognac plummet during coronavirus crisis

In April 2020, shipments of AOC Cognac fell by 64% compared to April 2019 announced the Cognac marketing board (BNIC). Revealing the impact (...)
Market conditions
Preparing for a busy time as crude spirits are shipped out of distilleries, the Port-La-Nouvelle depot is not publicising the cost of rental at its facilities.

Monday May 25 2020

Storage firm refurbishes 15 tanks to hold 190,000 hl of wines from crisis distillation measures

“The pressure is starting to mount”, admits Yohan Lemaire, director of the Foselev Logistics storage facilities in Port-La-Nouvelle (...)
Tuesday May 05 2020 - Market conditions by Vitisphere
Maxime Toubart, chairman of the producers’ organisation SGV: “I renew my call to shippers to roll out a broad-ranging communications campaign for Champagne, targeting consumer profiles and countries. This is the right time to do so”.

“Champagne sales plummeted by 80% in March and April”

How are March and April sales faring? Maxime Toubart: We don't have precise figures yet, but it can estimated that the drop in sales (...)
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Monday April 27 2020 - Market conditions by Vitisphere
“At the moment we are witnessing a huge change due to the current pandemic, which will have a consequential impact on many aspects of the lives of farms and vineyards, as well as on the production and trade in grapes and wine”, said Pau Roca on 23 April.

Wine sales in Europe expected to fall by 35%.

Speaking of the impact of the coronavirus epidemic and global lockdown measures, Pau Roca, the director of the International Organisation (...)
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Tuesday April 21 2020 - Market conditions by Vitisphere
Cognac is starting to feel the effects of the slowdown caused by the global Covid-19 epidemic in Asian markets.

Cognac is starting to tot up the cost of the coronavirus

In what feels like the end of a cycle, the latest statistics from the international Cognac bureau BNIC reveal the initial impact of lockdown. (...)
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Monday April 20 2020 - Market conditions by Vitisphere
“We have to move quickly on distillation, for administrative and technical reasons, in order to remove volumes financially and physically in July and August”, said Stéphane Héraud.

How France’s wine industry came to the figure of 3 million hl and €80/hl for crisis distillation

"It is difficult to quantify overstocks when we don't know when and how lockdown will end. If someone is in a position to tell me (...)
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Friday March 27 2020 - Market conditions by Vitisphere
Over the first six months of the 2019-2020 marketing campaign, the CIVB registered 766,200 hl of bulk wine purchase contracts. This is an increase of 21% compared to August 2018-January 2019.

Bordeaux has two years’ worth of wine sales in stock

The Bordeaux wine industry is champing at the bit as winter turns into spring. “Nothing is happening at the moment, absolutely nothing... (...)
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Wednesday March 18 2020 - Market conditions by Vitisphere
Concern about the market for bulk wine from Saint-Emilion looms due to a drop in prices since the beginning of the marketing campaign.

Sluggish market for Saint-Emilion

“Last December, the market started off well. There was demand from trading companies accustomed to covering themselves early, but in (...)
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Tuesday March 17 2020 - Market conditions by Vitisphere
Sales of red Pays d'Oc wines have slowed compared with last year

Loadings of red PGI Pays d’Oc lose momentum

Loadings of PGI Pays d’Oc have experienced a like-for-like drop of 17%. “The pace of marketing is more drawn out because inventory (...)
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Monday March 16 2020 - Market conditions by Vitisphere
Stephan Delaux, deputy mayor of Bordeaux in charge of tourism, Bernard Farges, chairman of the CIVB and Alan Sichel, vice-chairman.

Bordeaux needs to “come out of the closet”

Some people might say, “We have to get out of our comfort zone”. Bernard Farges, chairman of the Bordeaux wine trade council (CIVB), (...)
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Tuesday February 18 2020 - Market conditions by Vitisphere
The French and American markets are still in growth mode and account for half of international rosé wine purchases.

France and the United States fuelling global consumption of rosés

In 2018, global consumption of rosé wines totalled 25.6 million hectolitres. According to research released by the World Rosé Observatory (...)
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Wednesday January 15 2020 - Market conditions by Vitisphere
“The wine industry is adapting to a new generation of consumers, who are changing lifestyles and preferences”, DG Agri stresses.

EU wine production and consumption predicted to drop by 0.5% by 2030

In its latest future-oriented report, the European Commission's Directorate-General for Agriculture forecasts a crop volume of 155 million (...)
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Monday December 16 2019 - Market conditions by Vitisphere
“We are inspired by the rationale in Champagne, but compared with their success, we are modestly at year zero”, commented MD Philippe Cazaux.

Crémant circumvents the crisis in Bordeaux

Take the traditional components that factor into the production of red Bordeaux, turn them upside down and you get the factors leveraging (...)
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Wednesday December 11 2019 - Market conditions by Vitisphere
“For the moment, Cognac has managed to escape the measures that have hit our colleagues in the wine industry”, commented Patrice Pinet on December 5 in Cognac.

Fears of US tariff hike prompt increased exports of Cognac

Since last summer, multiple threats of retaliation from US President Donald Trump have led to a rise in Cognac shipments to the United States, (...)
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Tuesday November 26 2019 - Market conditions by Vitisphere
Although there are no red 2018 Bordeaux contracts below €700 a barrel, very few are trading at €1,500, the average price for the 2017 crop.

Over 75% of Bordeaux sells for under €1,000 /cask

“If it weren’t for a few remaining transactions of medal-winning or organically certified batches, the data would be much worse”, (...)
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