Thursday, September 20, 2012

The State of Burgundy Today

Burgundy is more popular than ever, with a horde of new fans not just here in the US but even more so in booming Asia.

Alas, supply of Burgundy is unable to keep up with the increasing demand because it is made in small quantities. To make matters worse, Burgundy has experienced significant crop shortages since 2007, with 2009 the only year with a decent production. Both 2010 and 2011 were small production years, but the current vintage, 2012, is largely a disaster in many of the most important regions. Many producers are reporting harvest being down by over half of normal!

Thus, with demand growing and supply shrinking, it’s not hard to figure out a major problem in availability (and pricing) looming in the coming years, particularly for Burgundies from the best sites, which is generally in the Côte d’Or.

My best advise is to load up now, while good values still abound. Even in a few years time, you won't regret doing this.

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