Uncorked: Wine Business Update for March 14, 2012
Here’s whats happening in the wine world this week…
- More good news for the economy, wine sales continue to rise with an 11% increase in sales in February 2012 over the previous year.
- Pioneering winemaker, Ernest Van Asperen of Round Hill winery, passed away at the age of 96.
- California’s 2011 crush totaled 3,874,146 tons, down 3 percent from the 2010 crush of 3,986,314 tons. The 2011 average price of all varieties reached a record high of $591.69, up 9 percent from 2010 and 3 percent above the previous record high set in 2009.
- The most important wine region to New Yorkers isn’t Bordeaux, Tuscany or the Mosel. It’s New Jersey, where almost all the fine wine they drink is warehoused before being delivered to local stores and restaurants. An amendment before the New York Senate would end this practice, and require wines to be stored in-state for 48 hours. Small wholesalers are up in arms, claiming this is an attempt to drive them out of business by the state’s two biggest liquor distributors, Southern Wine & Spirits and Empire Merchants, who already have their storage facilities within state lines.
- A certain wine blogger (uh-hum) celebrates their birthday…