After excellent vintages in 2022, French wine production promises to be plentiful and fill cellars, but the prices paid to winegrowers plummet by the end of the year, particularly for red wines, according to the Ministry of Agriculture.
France would have produced 45.8 million hectoliters of wine in 2022, a volume 21% more than a “historically low” 2021 harvest due to weather calamities, Agreste, the ministry’s statistics service, said on Tuesday, based on data customs.
It would thus exceed the average of the last five years (2017-2021) by 7%.
While exceptional summer drought limited yield potential in some regions, wine production rebounded for a year in most basins, according to Agreste.
Côtes-du-Rhône sees its prices fall by 7%
“The rains at the end of summer allowed the final ripening of the grapes and attenuated the effects of the drought on the volumes. These favorable conditions were not, however, sufficient in the vineyards of the South West and Charentes”, affected by frost and then hail.
In the period from August to December 2022, which corresponds to the first part of the 2022-2023 marketing campaign, the production prices of appellation of origin wines without champagne, which are the prices received by winegrowers, “s ‘ are moving downward”, by 3% one year, according to Agreste.
However, this decline hides disparities: the price paid for Bordeaux wines fell by 5%, weighed down by red wines, and fell by 7% for Côtes-du-Rhône, while it rose by 4% for Roussillon wines. and 2% for champagne.
L’Agreste also points out that the availability of wines for this period – harvest and stocks – “is 5% higher than last year”, thanks to a more abundant harvest, while reserves have decreased.
As with food, inflation is weighing on purchases of French wine in supermarkets and hypermarkets. In 2022, according to the IRI panel cited by Agreste, sales of still wines would have fallen by 6% in one year, “more in reds (-9%) than in whites (-6%) or rosés (-1 %) “.
World wine production is expected to remain stable in 2022, at 262 million hectoliters, according to the International Organization of Vine and Wine (OIV), with France ranking second behind Italy among the largest producers.
Source: BFM TV
