French wine dealers say the effects of Brexit and plummeting pound are being felt from Burgundy to Bordeaux.
One example of this can be seen during the annual en primeur campaign in Bordeaux, when major châteaux offer their 2015 vintage up to local négociants, who then sell it to international merchants - ahead of the actual bottling.
En primeur trading
Pablo Huart, the director of Le Cercle by Vintage & Cie, an upmarket wine cellar on the rue Saint Honoré in Paris, says Brexit is adding to the already deflated trade.
“It’s really recent and we’ve started to see a reaction among wine professionals we work with … there’s lots of uncertainty. Nobody really knows what’s going to happen,” he says.
Bargain basement wines
Huart says while many in France and elsewhere are rushing to buy cut-price wines from English merchants, in France too export prices are being dampened.
“I know many merchants have been avoiding going to the En Primeur campaign, some properties are having difficulties selling all their wines – in contrast to other years. Already many merchants were buying smaller quantities of Bordeaux wines – and now with the UK leaving Europe, the climate for business is very uncertain.”
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