With sales of Burgundy wine hitting new heights, combined with two small harvests in a row, leaders of the region's wine industry have revealed it is now selling more than it is producing.
Following a “very small” harvest in 2012, this year's pick will be “another small vintage, similar to 2012,” revealed the head of the Burgundy wine association (BIVB) at a news conference.
At the same time, Burgundy wines have set a new export record, with an increase of 1.6 percent in the first seven months of 2013. Exports to the U.S. increased by 13 percent while shipments to China rose by 31 percent in volume.
Despite increased demand and falling supply levels, the BIVB hopes that prices won’t skyrocket.
“This is a complicated situation because we are selling more than we are producing, so we have to draw from our reserve stocks,” said BIVB president Pierre-Henri Gagey.
The harvest is around two weeks later than average after a difficult growing season. Floods hit Chablis and the Côte d’Or in May, while hail devastated vineyards in the villages of Pommard and Volnay in late July.
But Gagey believes there’s still hope for quality wines after a hot August assisted with ripening. “The quality could be very good, with a good level of acidity, it’s a good sign and could be rather better than we had hoped.”