Vertical Tasting with Caroline Frey of Chateau La Lagune – Part 1

Vertical tastings offer a magnificent glimpse into the many facets of a wine’s personality and its many expressions over different weather conditions. It also offers a glimpse into the quality of the terroir and the site from which the grapes originate.

On September 28, 2020, I have the privilege of participating in a vertical “zoom tasting” and deep dive into Chateau La Lagune with Caroline Frey, winemaker, at her family’s Haut-Médoc third-growth estate.

Wines being tasted include

Chateau La Lagune 2015

Chateau La Lagune 2016

Chateau La Lagune 2017

Chateau La Lagune 2018 [100% Cabernet Sauvignon]

“Part 2” will include my tasting notes, the impact of vintage variations, particularly weather, and stylistic changes across vintages, along with personal quotes and my overall impression.

Young red wine is found to be more beneficial than aged wine, study finds

A recent study of 16 wines from Australia and New Zealand has found levels of healthy antioxidants, existing mainly in red grapes, decreased significantly over time.

CQUniversity lead researcher Mani Naiker said the compound, trans-resveratrol, was proven to have cardiovascular, anti-inflammatory, and anti-diabetic effects.

“The more you consume this compound in your food or in beverages, it is perceived to give you better health benefits,” Dr Naiker said.

“When we compare younger bottled wines with mature red wines, we have proven that as the wine ages the concentration of this important bioactive compound decreases by about 75 percent over a 16-month period.

“That is a huge decrease in the concentration of this particularly important health-benefiting compound.”

Lead researcher Dr. Mani Naiker states that the compound is proven to have cardiovascular, anti-inflammatory, and anti-diabetic effects.

The study published in the Australian Journal of Grape and Wine Research, found the concentration decreased in some wines by as much as 96 percent.

After the initial resveratrol levels were measured, the bottles were resealed and stored in darkness in their original packaging.

“Irrespective to where we got the red wine from, which variety it was, the process of that compound, the loss was the same,” Dr Naiker said.

“I might just leave it with the French paradox that having a glass of red with a meal every day is good for your health.

“Now you know, you might want to go with a young red rather than an old one.”

https://onlinelibrary.wiley.com/doi/abs/10.1111/ajgw.12449

The Fine Wine Market Expands to Further Heights

Recently reported, July proved to be a positive month for the fine wine market, due to an ever-broadening array of wines being traded.

Liv-ex states on its website that the number of unique wines traded on the exchange in the first half of 2020 was 37% higher than the same period in 2019.

These are wines marked with code known as an LWIN7, which identifies the producer or brand as well as a specific grape variety or vineyard associated with it.

The second half of the year got off to an even stronger start when the number of wines with an LWIN7 traded in July alone exceeded 1,000 for the first time, 20% higher than the previous record monthly high.

This is due to an on-going broadening of the market at the expense of Bordeaux. Although a vital component of the fine wine secondary market, Bordeaux’s share of trade has been in decline for some time now. January 2020, 46% of unique wines traded on Liv-ex were claret, but by July that figure was down 34%.

At the same time, while Bordeaux has seen the smallest growth in new wines traded, Italy, Spain and the Rhône are recording exponential growth; with unique wines traded up 154%, 153% and 127% respectively since January.

Wines from Austria, Germany, Chile and the Loire have also seen growth (from a small base) and added new and unique wines

Italy of course has been rising for some time now. In October last year it was noted that the number of Italian wines traded on Liv-ex had risen 1,500% in the last 10 years.

Italian wines were also excluded from the 25% import tariffs the US recently imposed on numerous EU produce.

Spain, a small player in fine wine, has seen the number of its unique wines traded rise to match those of the US.

Liv-ex  https://www.liv-ex.com/news-insights/

Source:  Liv-ex

France pours more aid as wine sector faces ‘Major Difficulties’

This week the government of France stepped up financial support for wine growers faced with a deep drop in demand after lockdowns closed restaurants and bars and U.S. tariffs curbed exports.

“The state will increase to 250 million euros its support plan to wine growing and we will request this aid to be distributed as quickly as possible because cash needs are pressing,” French Prime Minister Jean Castex said on Wednesday.

Castex made the announcement during a visit to the Menetou-Salon and Sancerre vineyards in the Loire region.

“The international situation, the health crisis, a drop in exports: our wine sector faces major difficulties. State support must continue and intensify,” Castex said on Twitter earlier.

France has already provided some support, but the wine industry has called for more action.

In April, the European Commission decided to support crisis management measures in wine and other agriculture sectors affected by the coronavirus crisis.

In May, France cleared a 140 million euro ($165.87 million)crisis mechanism to distill surplus wine into industrial alcohol to be used to produce hand sanitizers.

Then in June, the government unveiled an additional 30 million euros of support for the wine industry, including 15 million for the launch of a private storage scheme for two million hectolitres of surplus wine, an alternative to distilling.

In addition to the impact of COVID-19, France’s wine industry has suffered from U.S tariffs on imports imposed as part of the trade dispute between the European Union and the United States over aircraft subsidies.

Source:  Reuters

 

The CIVB (Conseil Interprofessionnel du vin de Bordeaux) to set aside wines from 2020 to reduce oversupply

At its AGM last week, the Bordeaux wine marketing council CIVB unanimously approved the introduction of a reserve stock aimed at “reducing the increase in marketable inventories of red Bordeaux and Bordeaux Supérieur appellations”. By adopting an amendment to the three-year trade agreement for 2020-2023, the CIVB is pursuing the objective outlined last year by chairman Bernard Farges, which is “to re-establish a balance between supply and demand for Bordeaux wines”.

We are currently witnessing an imbalance in the market due to crop levels in excess of sales”, sums up Ann-Cécile Delavallade, head of the CIVB’s economic department. According to the statistician’s estimates, inventories of AOC Bordeaux should reach 2.2 million hectolitres during the 2019-2020 marketing season, which is a 21% rise in one year, before distillation is taken into account. Stocks of Bordeaux Supérieur are estimated at 1.05 million hl (+14%). “We are seeing an upward trend in stocks, requiring the introduction of regulatory measures”, stresses Delavallade.

The Bordeaux region will benefit from crisis distillation – 450,000 hectolitres are currently subsidized though an extension is needed. It will also cut its yields significantly in 2020, dropping to 50 hectolitres per hectare for Bordeaux, compared with 54 hl/ha in 2019. Nevertheless, the idea of introducing collective stocks is being viewed as a complementary measure. In practice, volumes set aside are “calculated on the basis of 2020 appellation applications: above 45 hl/ha for AOC Bordeaux and 43 hl/ha for AOC Bordeaux Supérieur, both within the limits of authorized annual yields”. This represents a 10% reduction in the immediate marketing potential of the two AOCs.