French wine prices up 25% on average of the previous five years during six-month period to January, amid bad weather in both 2012 and 2013, poor availability, according to government report
LONDON , March 24, 2014 (Business Monitor International) – News: Prices of French wines increased 25% on the average of the previous five years during the six-month period to January 2014, according to a report from Agreste, the statistical arm of France's agriculture ministry. The rise in prices has been attributed to bad weather in both 2012 and 2013 and poor availability. The French harvest is estimated at 42.3mn hectolitres in 2013, which is up 2% on 2012's very small harvest, but still 7% lower than the average of the previous five years. The prices of the Burgundian wines have been affected the most, which climbed 32% on 2012 and 51% when compared with the average of the previous five years. Bordeaux wine prices are up 20% on 2012 and 23% compared with the average of the previous five years.