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The president of the Bureau interprofessionnel des vins de Bourgogne (BIVB), Laurent Delaunay, expressed his concern about the high prices for wines from the Burgundy region. Due to frosts, hailstorms and heavy rains, the 2021 harvest was half smaller than in a normal year, which led to price increases of 25 per cent, he said. According to Delauney, this "tension and scarcity on the market" particularly affects the most accessible wine category of regional wines, which account for over 50 per cent of Burgundy's total production. "These are the only wines where our volumes are sufficient to be listed in supermarkets, hotel chains as well as in tenders. And they have a significant impact on the entire Burgundian economy," he stresses. The development is much more worrying than the price increases for Grands Crus or Premier Crus, which will always find buyers thanks to their rarity.
Delauney hopes "that there will not be a kind of 'Burgundy bashing', as happened with Bordeaux ten or fifteen years ago. It will take two generous vintages in a row to stabilise prices for Burgundy wines." But unchecked demand and low stocks would prevent any short-term price easing. In 2022, the harvest volume increased by 75 percent to 1.75 million hectolitres, but the prices for grapes and cask wines did not return to the level of 2020.
(al / source: vitisphere)