Bordeaux Futures

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Bordeaux Futures
2013-11-10 15:30:35
FWS Bordeaux

FWS Master Level
Show Answers:

  1. How large are teh Bordeaux vineyards?
    In 2011: 110,200 ha
  2. Compare the size of Bordeaux vineyards with other areas
    • * 5 X Burgundy
    • * Same as Chile plus South Africa
  3. How many bottles are produced of first growths?
    • Chateaux Latour: 220K
    • Chateaux Lafite Rothschild: 230K
    • Chateaux Mouton Routhschild: 300K
  4. Who participates in the Bordeaux marketplace ("la Place de Bordeaux")?
    • Producers: 7,000 Chateaux (10K producers)
    • Brokers: 130 "Courtiers" (paid 2% commission ("courtage") by the negociants)
    • Buyers: 400 Negociants (but 90% of business is accounted for by 25 firms)
    • Co-Ops: 53 vinification and packaging facilities
  5. When do the Chateaux send half bottles to the brokers and negociants for tasting?
    Last week in March
  6. Who is the biggest name in Bordeaux futures ("En Primeur") and when to they hold tastings?
    • Union des Grands Crus de Bordeaux (UGC)
    • Entire month of April
  7. What is the Quai des Chartons?
    District of Bordeaux which used to house negociants; now a residential area.
  8. Describe how Bordeaux wine gets from the producer to the consumer in the U.S.
    • Chateaux (sets prices by tranche)
    • Broker (2% paid by buyer)
    • Negociant (markup ~15%; can buy from other negociants -- "Sur Place" sale)
    • Importer (markup ~15%)
    • Distributor
    • Retailer
    • Futures
    • Shelf
  9. Is Bordeaux wine a transparent market?
    Yes. Every Tuesday, CIVB publishes quantities and prices