Talking Trade – Napa Valley leads weekly trade

Trade maintained its September pace with broad ranging activity across the regions. The USA (13.1%) smashed its previous weekly regional records, whilst also surpassing Italy (13%), Champagne (6%), and the Rhone (4.8%).

Bordeaux accounted for 38.1% of the total trade by value – just above its September average. Next week (13th, 14th October), the UGCB are going to present the 2018 Bordeaux vintage to trade and press in London.

Burgundy’s market share also rose on the previous week, from 15.8% to 18.7%, helped by increased trade in its whites (7.9%). The ‘others’ category (6.3%) was led by Spain (2.8%), Germany (1.2%) and Australia (1%).

A couple of single malt whiskies changed hands: Macallan Speyside Highland Single Malt Sherry Oak Cask Vintage 18yo and Glenfarclas, Highland Single Malt 25yo.

Buying demand was UK-led, with increased interest also coming from US and Asia.

In line with USA’s growing share, the top three spots for most active wines of the week went to Napa Valley. Screaming Eagle, Cabernet Sauvignon 2015 last traded at £27,132 per case, 11.8% below its current Market Price. The wine received 100 points from James Suckling and Lisa Perrotti-Brown MW (The Wine Advocate). Boosting the same perfect score from Suckling and Perrotti-Brown, albeit costing almost three times less, Harlan Estate 2016 was the second most traded wine.

Burgundy was led by Trapet Pere et Fils, Chambertin 2018 (NM 97-99) and Bordeaux by Petrus 2014 (NM 93).

How Somm’It are using Liv-ex Prices?

Our pricing data and LWIN have helped Somm’It (a Bordeaux-based cellar management tool for restaurant, hotel, and bar owners) keep their customers happy, according to a recent case study. Find out how they have improved their product with Liv-ex, and about the various automation opportunities here.