Thursday, January 19, 2006

Wine glut Yes?....No?

Thought I would start this posting with showing you a picture of my wine buddy. Her name is Maddy and she has excellent tasting skills.Check her out on my profile page. The 2005 vintage created a grape glut in most wine regions around the world, especially in Australia. California also had record grape crops. This should benefit the consumer in the short haul. Lower per ton cost for grapes should translate into a reduced cost for a bottle of wine. Meanwhile the surplus wine in Europe is causing some serious concern. In France in particular not only are they concerned about an overproduction but wine exports have slipped. New World wines, particularly in Britain have garnered a larger share of the market at the expense of French wines. But the French are fighting back. Those unruly southern French vintners in the Languedoc region, the CRAV(Regional Committee for Viticultural Action) blame their problems on the Bordeaux vignerons. Meanwhile back at the ranch, the Bordelais don't agree. Help is on its way. World wide there is an increased consumption of wine. With a more affluent middle class in India and China wine consumption in
the countries is on the rise. Norway is also changing its drinking habits. Sounds good so far. Only problem is that both India and China have massive acreages planted to vines. Both of these countries are bringing in international experts and winemakers in an attempt to start producing quality wines.China has recently completed a deal where some of their wines will be available at duty free shops at select airports around the globe. Now Chile is set to cash in on the world wine
market. In the immediate future there will be plenty of cheap wine out there but as the collective tongue of wine drinkers around the world becomes more educated the demand for high quality wines will increase. In spite of the glut of wines, with an incredible 2005 vintage in the Bordeaux expect to pay huge increases for the top chateaux wines.Meanwhile things are heating up in the south of France. Pardon my French but what a strange way of getting rid of the surplus. Sure would have been a lovely aroma on the highways and byways of southern France.View the video on this link. Till next time, enjoy your wines and remember as Pliny the Elder, the Roman Scholar once said when asked "What is the best kind of wine?" He would reply "The best kind of wine is that which is most pleasant to him who drinks it."

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