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News28/09/2017
After the historically low 2016 harvest, (down 18% on 2015, with 1.223 million hectoliters), wine leaving estates and transaction volumes, especially for the most affected appellations, suffered significant deficits.
On the other hand, those appellations that escaped any climatic damage continued to grow on export markets (United States, United Kingdom, Canada) and on French distribution circuits.
Thanks to the 2014 and 2015 harvests, the Bourgogne wine region has risen above the critical threshold of eight months of stock on estates. Initial estimates are close to 10 months for the 2016-2017 campaign.
But those in the industry remain prudent, since the Bourgogne wine region still has to deal with the 2016 harvest that was lower than the five-year average until the 2017 vintage comes to market.
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