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Whites lead price gain for French wine
Source: Bloomberg News |
December 25, 2012, Tuesday
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FRENCH wine prices are climbing, led by a jump in the cost of whites since August, after vintners in the country had their lowest output in more than 40 years, the Agriculture Ministry said yesterday.
The price for bulk white wines without a geographic or varietal indication jumped 34 percent to 67.82 euros (US$89.63) per 100 liters last week from 50.70 euros at the start of August, according to data from crop office FranceAgriMer, part of the ministry.
France's wine production slumped 20 percent to an estimated 40.7 million hectoliters in 2012 after weather damage and disease caused the harvest to plunge in the Champagne and Beaujolais regions, the ministry reported last month.
"At the start of the campaign, prices increased for most wines compared to 2012," the ministry wrote in an online report yesterday. "It should be pointed out that red and rose wines make up the majority of all wines."
The cost of bulk reds and roses without geographic or varietal indication rose to 64.62 euros per hectoliter last week from 54.83 euros at the start of August, according to FranceAgriMer data.
Prices of red and rose wine with a protected geographic indication and mention of the grape variety climbed to 76.02 euros per hectoliter from 74.16 euros at the start of the season, while for white wine with the same criteria the cost has risen to 86.02 euros from 84.33 euros.
The price for bulk white wines without a geographic or varietal indication jumped 34 percent to 67.82 euros (US$89.63) per 100 liters last week from 50.70 euros at the start of August, according to data from crop office FranceAgriMer, part of the ministry.
France's wine production slumped 20 percent to an estimated 40.7 million hectoliters in 2012 after weather damage and disease caused the harvest to plunge in the Champagne and Beaujolais regions, the ministry reported last month.
"At the start of the campaign, prices increased for most wines compared to 2012," the ministry wrote in an online report yesterday. "It should be pointed out that red and rose wines make up the majority of all wines."
The cost of bulk reds and roses without geographic or varietal indication rose to 64.62 euros per hectoliter last week from 54.83 euros at the start of August, according to FranceAgriMer data.
Prices of red and rose wine with a protected geographic indication and mention of the grape variety climbed to 76.02 euros per hectoliter from 74.16 euros at the start of the season, while for white wine with the same criteria the cost has risen to 86.02 euros from 84.33 euros.
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