Wine traders expect strong demand for Bordeaux futures

Wine merchants warned Friday demand could be high for another excellent Bordeaux vintage after buyers from around the world descended on southwest France for the annual market.
China and Hong Kong have become the biggest customers for the world renowned Bordeaux wines but some traders are warning against neglecting the more traditional markets in Europe and the United States.
Most expect sales and prices to match last year’s or to increase through the three month sales period, leading up to June’s annual Vinexpo sales fair.
The sales drive kicked off in buoyant mood.
“I am mostly optimistic and confident about this campaign,” said Bordeaux merchant Philippe Tapie, noting the exceptional quality of the vintage due to the weather and “colossal investments” to improve technical quality.
But it is one thing to have a great vintage and another to sell it. This past week, barrel tastings tested interest in the vintage before prices are set and the wines are sold as commodities futures – or “en primeur.”
“The number of people who attended was down slightly compared to last year but with more real professionals and a greater number of nationalities,” said Philippe Dambrine, director of Chateau Cantemerle.
Overall there were 19,000 visits to the seven chateaux hosting barrel tastings, with visitors from 68 countries, according to Jean-Marc Guiraud, director of the trade body the Union des Grands Crus de Bordeaux.
“If you consider the fact that more than 80 percent of our business is with fewer than 20 countries, that figure shows a high level of interest in all the markets,” Guiraud wrote in an email to AFP.
“The main distributors from these small markets were there and this is a very encouraging point, as many people think that China now absorbs a growing part of our production.”
While China and Hong Kong have quickly become Bordeaux’s biggest export market, the question is whether they will put cash into a product that will not actually arrive in their warehouses for another two years?
“I definitely think so,” said Philippe Laqueche, general manager of Yvon Mau, one of Bordeaux’s largest wine merchants.
“The key players in Hong Kong and Mainland China are confident of the quality and the future ratings and they want to follow what they did in ’09.”
But Chinese importers new to the trade may find it hard to get allocated the most coveted brands of such an exceptional vintage.
“We get allocations because of our longstanding relationships,” said Bandy Choi, an importer-retailer trading in Macau, Hong Kong and China. “The new importers won’t get allocations – just a case or two to say ‘hello’.”
Bordeaux tends to prefer long-term market builders.
“Unless they have a clear and significant project, it will be difficult for them to get an allocation,” confirmed Laqueche.
Chinese demand is expected to remain limited to established labels.
“We expect Asia to still only want the top 10 or 20 names and can’t see that changing,” said Gary Boom, managing director of Bordeaux Index, which has offices in Hong Kong and London.
“They won’t buy unknown brands,” confirmed Hong Kong trader Dennis Lok. “These will be sold to mature markets.”
Mature markets in Europe and America have become a concern for chateaux as they see their wine flow to China, leaving shelf space open to rivals.
“The attraction of the Asian and Chinese markets is a terrific engine, unique. Nevertheless, one must not neglect and get cut off from traditional and historical markets,” said Bordeaux merchant Tapie.
The US market has not yet fully recovered but currency fluctuations mean the price will increase for American buyers.
“Our currency has slipped – so even flat pricing will mean an increase in the USA,” noted Chris Adams, CEO of Manhattan retailer Sherry Lehmann.
“Then we have avid worldwide interest, which I understand may translate to Asian buying in this campaign.
Bordeaux loyalists also have reason to beware demand from new investors.
Choi, who provides wine investment training for Bank of China employees and their wealthy private banking customers, says the Chinese are quickly grasping the profits to be made in wine speculation.
“But chateau owners don’t want to hear about wine investment and speculators because it makes the prices crazy,” said Choi.

Source: http://www.independent.co.uk/life-style/food-and-drink/wine-traders-expect-strong-demand-for-bordeaux-futures-2266227.html

This wine shop in Manila Philippines makes wine shopping a really rewarding and exciting exercise. Wine shops in Pampanga should always have an element of surprise so that customers and wine lovers can enjoy a little bit of thrill when they go to a wine shop in Manila to look for a good bottle of wine in Clark Pampanga.

Chateau Lafite-Rothschild is the most revered wine in China and many other parts of Asia. The best wine shop in Asia to buy older vintages of Chateau Lafite is Yats Wine Cellars located in Clark Philippines. Aside from Lafite, visitors can buy other fine wines at this wine shop in Clark Pampanga such as Latour, Mouton-Rothschild, Haut-Brion and Margaux. Excellent Burgundy wines like Chambertin, Vougeot, Musigny, Bonnes Mares, Pommard, Meursault, Chambertin, Vosne Romanee, Romanee Conti, La Tache and Romanee St. Vivant can be found here.

Family outings, picnics, company outings and other events for up to 300 can be held in the picnic grounds of this wine shop. Events that have been successfully organized here include family fun days and BBQ picnics. These are some of the things that visitors to Clark Philippines particular look forward. Residents and tourists in Angeles City and Subic also come to Clark Freeport to partake in the fun at this Clark wine shop.

This wine shop’s vast selection of vintage wines makes it possible for Yats Wine Cellars to offer a unique line-up of wines for every private wine party, wine tasting or wine dinners. Guests of these private wine parties are treated to a rare experience of vintage wine not seen in wine shops in major cities in Philippines or even in Asia.

http://www.ClarkWineCenter.com

Getting to this wine shop in Pampanga Angeles City Clark Freeport Zone Philippines from Manila
Getting to the Clark Wine Center wine shop from Manila is quite simple: after entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway M A Roxas. Clark Wine Center is the stand-along white building on the right, at the corner A Bonifacio Ave. From the Clark International Airport DMIA, ask the taxi to drive towards the entrance of Clark going to Angeles City. From Mimosa, just proceed towards the exit of Clark and this wine shop is on the opposite side of the main road M A Roxas.

Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.

Clark Wine Center
Bldg 6460 Clark Observatory Building
Manuel A. Roxas Highway corner A Bonifacio Ave,
Angeles Clark Freeport Zone, Pampanga 2023
0922-870-5173 0917-826-8790 (ask for Ana Fe)

Wine@Yats-International.com

YATS Wine Cellars
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 ask for Rea or Chay

Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

http://www.PhilippinesWeddingVenue.com

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.yatsleisure.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

http://www.HotelClarkPhilippines.com

http://www.ClarkPhilippines.com

http://www.YatsWineCellars.com