Setbacks for French wine merchants despite a good harvest

Published Jan 30, 2024

Tridge summary

France saw a positive turn in grape harvests last year with a 4 percent increase in production, reaching 48 million hectoliters. However, this success was overshadowed by a decline in wine exports between August and December, with AOP wines experiencing a 7 percent drop in volume and other wines by 16 percent. Additionally, exports of cognac and champagne also saw decreases. Despite a 10 percent rise in producer prices for champagne, other wine prices fell by 13 percent. Inflation played a significant role in affecting both exports and domestic sales, leading to a 4 percent decrease in wine sales in French supermarkets and wine shops, with red wines being more affected than white and rosé.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Last year's grape harvest seemed like a reason to celebrate in France. At 48 million hectoliters, the country's yield was 4 percent higher than a year earlier and 8 percent higher than the average between 2018 and 2022. But between August and December last year, exports of AOP wines, with a label that protects regional products, fell must offer against counterfeiting, by 7 percent in volume. Exports of other wines fell by 16 percent. A lot less cognac and champagne was also exported than in the same period a year earlier. Champagne The prices winemakers charge for their products fell by 13 percent in the final months of last year. Only producer prices for ...

Source: Nieuwe Oogst