Burgundy is in a “favourable position” with positive growth in both the French and export market, the head of the BIVB Laurent Delaunay had claimed, despite the low yield of the 2024 vintage. Speaking ahead of the Hospices de Beaune sale at the weekend, Laurent Delauney, president of the BIVB said that despite the small volumes of the 2024 vintage, the BIVB remained upbeat that the prices will remain “quite reasonable” with the 2024 vintage, without the soaring prices that were seen in 2021, the last year that stocks were hugely affected by Spring frosts. He highlighted the contrast between the 2024 and 2021, noting that although the “significant” frost in 2021 had led to “sky-rocketing prices” and negative growth, the situation with 2024 is quite different. The 2022 and then “exceptionally generous” 2023 vintage had helped to provide reassurance ahead of a 2024 vintage, by replenishing stocks in advance and ensuring ample inventories and “reasonable” prices, he said. This helped boost estate sales by 1.6% in the 2023-2024 campaign versus the 2022-2023 campaign, the BIVB said, as the need to replenish stocks was less pressing. Export volumes picked up in the first half of 2024, rising 4.6% in volume and +3.7% in sales in the first seven months of the year, compared to the previous year, and crossing the €900 million threshold for the first time in a decade, at nearly €926 million. This was driven by a rebound in several AOCs, the BIVB said. Export markets
This Article was originally published on The Drink Business - Fine Wine
