Wine is a better investment than shares, conclude two Swiss economists, after a comparison of the development of wine prices and the (American) share prices in the period 1996-2009. The economists created a wine index based on 400,000 trade prices for wine in the thirteen years from 1996 and 2009. This they compared to the evolution of the Russell 3000 > Read more …
The Comité Interprofessionel du Vin de Champagne (CIVC) reports that almost all Champagne houses within two years will use a new, lighter bottle model. The new 75cl Champagne bottle weighs only 835 grams, or 29.5 ounces. The current Champagne bottle weighs 900 grams, or 31.7 ounces. That is 7.2 percent more. The lighter bottles will save on materials and transportation > Read more …
Exports of Bordeaux wines in 2009 declined “catastrophically”, says Alain Vironneau, president of the Conseil interprofessionnel des vins de Bordeaux (CIVB). Exports of Bordeaux wines fell globally by fourteen percent in volume and 23 percent in value. In the last three months of 2009 there was a slight growth, but not enough to make good the losses. Bordeaux in 2009 > Read more …
The wine growers in the northern Italian wine region and autonomous province of Alto Adige are arming themselves against global warming by planting their vineyards higher in the mountains, reports the British wine magazine Decanter. Biodynamic cultivation is also getting more popular in Alto Adige. Famous wine growers such as Alois Lageder and Manincor already are partly biodynamic. Lageder is > Read more …
2009 was not a good year for Spanish wine exports, according to figures from the Spanish Wine Federation FEV (Federación Española del Vino). Spanish wine exports fell by 13.5 percent in value and 9.7 percent in volume compared to 2008. The average price of one liter Spanish wine on the international market declined by 4.2 percent to € 1.14. In > Read more …
Last year French wine exports fell by almost twenty percent to 5.5 billion euros. This is the lowest level in ten years time. According to official figures from the French export agency Ubifrance the French in 2009 exported 12.5 million hectoliters of wine, 8.7 percent less than in 2008. Champagne had the largest decrease of nearly 28 percent. Bordeaux fell > Read more …
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The Belgian distributor of wines and spirits A & F Mampaey Wines & Sprits, founded in 1920, was bought by the Dutch Distillery Dirkzwager. Mampaey is one of the Belgian market leaders and Royal Warrant Holder. Dirkzwager also bought the Belgian distribution activities for wines and spirits from brewer Anheuser-Bush InBev, which wants to focus more on its core activities. > Read more …
A wine auction organized by Sotheby in Hong Kong on Saturday exceeded all expectations, reports Bloomberg. Rich wine lovers bid for ten hours on 800 lots and eventually spent HK$52.9 million (4.81 million euros), against Sotheby’s estimate of HK$40 million. Not included in those amounts are the auction charges. It seems the economic crisis is forgotten at least in Asia. > Read more …
Buckfast Tonic Wine, a fortified red wine made since 1890 by the Benedictine monks of Buckfast Abbey in Devon, south-west England, played a role in more than five thousand crimes in the last three years. One in ten of those crimes was violent. The statistics were obtained based on the Freedom of Information Act by BBC Scotland and used in > Read more …
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