The general trend towards trading-up in the global wine market has been well-documented. Latest figures for French exports of quality wines reflect this trend and reveal that, thanks to rising average prices, France has topped previous records for value sales.
The last two days have seen a few attempts to get what has been described as the 'forgotten Bordeaux 2012 campaign' finally moving, but customers are 'turning their backs on the vintage', merchants say.
France's exports of grains including wheat rose in March, helping to reduce the effect of lower shipments of processed agricultural products from wine to candy.
Tesco's wine team will again give suppliers the chance to pitch their business for potential listings at next week's London International Wine Fair (LIWF).
Bordeaux en primeur releases continued this morning with Léoville and Langoa Barton and Pichon Longueville Comtesse de Lalande - but the cuts are still minimal.
Chateau de Pic in the Cadillac Cotes de Bordeaux, Chateau l'Enclos in Sainte Foy la Grande and Chateau Patarabet in Saint Emilion are the latest Bordeaux estates to reportedly pass into the hands of Asian investors.