Burgundy Drinkers Will Pay More as 2012 Production Drops

Despite losing as much as 40% of their grapes for the 2012 harvest, the vintners and merchants of Burgundy remain upbeat. That’€™s because the lower supply, combined with what most predict will be excellent quality, means higher prices. It also doesn’€™t hurt that the U.S. dollar is getting stronger, given that the country is a major market for Burgundy producers.

By most accounts, higher prices for 2012 Burgundies are inevitable’€”some say there won’€™t be any bottles available for less than $10. That’€™s not necessarily good news to some producers, though: There is a concern that prices can just keep rising so much with demand. Burgundies could be priced out of the market at some point if the trend continues.

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