• Veblen Wines Ltd

Coronavirus and US tariffs uncertainty hit Bordeaux's share of trade

Lisa Riley - Source: www.harpers.co.uk

Bordeaux's share of trade fell to a record low last week with sales hit by Coronavirus and US tariffs uncertainty.

In value terms, Bordeaux's share of trade slumped to 38.3% in the week ending 13 February, down from 48.8% the previous week, according to Liv-ex, which represents the classified growths segment of Bordeaux production (share of trade by value week ending 13 February 2020).

"Bordeaux wines are popular in Asia and with the outbreak of Coronavirus, demand continues to falter," Liv-ex said.

US buying also continued to dampen as the market awaited further announcement from the United States Trade Representative (USTR) on Airbus related tariffs (released late Friday), it added.

Read the full article at: https://harpers.co.uk/news/fullstory.php/aid/26633/Coronavirus_and_US_tariffs_uncertainty_hit_Bordeaux_s_share_of_trade.html