COGNAC EXPORTS HIGH TIME HIGH

Cognac exports in 2017-18 are valued at €3.2 billion, an increase of 8.2% in volume (250.9 million bottles) and 5.4% in value compared to 2016-17.

This is the fourth consecutive year of export growth, according to the Bureau National Interprofessionnel du Cognac(BNIC), the cognac trade body.
The American zone, with ALENA, was the largest export area, taking 89.8 million bottles, a increase of 9.4% in volume and 0.2% in value. The US was the largest ALENA export zone, with a ninth consecutive year of export growth.

The Far East, with 60.9 million bottles, was in second place with a growth of +13.5% in volume and +12.4% in value. Singapore (26.6 million bottles) and China (26.2 million) were the main export countries.

In Europe, exports were stable at 41.3 million bottles, down by 2% in volume but up 3% in value.
Source: Vinexpo Newsroom

RECORD SALES PRICE FOR A WINE BOTTLE

A bottle of Vin Jaune, meaning literally ‘yellow wine’ in French, has sold for a record price of over €100,000 to a Canadian buyer.

One of the oldest bottles of wine in the world was sold on Saturday, 26 May, at an auction in France, for €103,700 ($121,000).

The exceptional longevity of the yellow wine of Arbois comes from its particular mode of elaboration, which consists of raising the wines “under veil”; that is to say, with a form of oxidation which transcends perfumes and limits ageing.

The wines have been lovingly cared for by eight generations of heirs of Pierre Vercel (1694-1754), whose family is known to have made wine in Arbois since the 14th century and whose Grand Commander has maintained the tradition. He had remained discreet about the number of bottles he had carefully preserved, and their location.

Source: Vinexpo-Newsroom