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December 6, 2005
Bordeaux Growers Still Whining...
(Photo: AFP)
The wine producers of the great Bordeaux region of France have really gotten their butts kicked over the last few years. Between the rising euro, stiff competition from up and coming vintners such as Australia, over pricing during the dot.com era, and the fact that even the French don't drink as much wine as they used to, a lot of growers that bought over-valued property in the area in recent years are facing plummeting grape prices.
So what's their plan? A good ol' French strike to protest their bad fortune. That ought to help...
Suck it up, mon amis! I haven't bought Bordeaux in any quantity since the great vintage of 2000, when I was smart enough to buy futures, but in recent years I've been buying mostly Aussie and American. And giving my liver a bit of a rest.
I know they'll pull it together. I'm a sucker for a big, bad Bordeaux, and market forces will ultimately prevail. Survival of the fittest and all that.
The link expired to the article I was going to link originally about the threatened strike, but this has more information.
Posted by The Pragmatic Chef at December 6, 2005 7:40 AM
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Oh, brother.