Talking trade: 17th – 23rd October

LX50 4 weeks 24102014

The positive signs observed in the last Talking Trade appear to have continued throughout this week of trading. Both value and volume traded on the exchange rose by 18% and 25% respectively. Activity was also high, with 38% of members trading in the last week. 

Regional share 24102014

Increased trading of wines from the USA and Australia appears to have impacted Bordeaux’s overall share of trade, which dropped to 68.7% compared to 76% the previous week. However, First Growths continued to hold steady and represented 35% of all trade for the second week running: a sustained increase on the September average of around 25%. As with last week, the majority of vintages traded were “off” vintages and Mouton Rothschild traded particularly well once again, accounting for 40% of First Growth trade. Traders also seem to be finding value in 2008 Bordeaux: the vintage claimed 20% of Bordeaux trade by value, more than double any other vintage.

Trade by value 24102014

Trade by volume 24102014