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« Wine Camp on Wine Cast | Main | A Treasure Hunt in Manhattan »
Friday
Mar282008

Burgundy wine prices hiked in U.S. due weak dollar

DateFriday, March 28, 2008 at 10:04PM
It's amazing this took so long to happen. It looks like drinking Burgundy will become an even rarer pleasure.Burgundy wine prices hiked in U.S. due weak dollar | Markets | Markets News | Reuters
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AuthorCraig Camp | Comment4 Comments
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Reader Comments (4)

I'm also surprised it took so long. Italian wines started to go up last November, and so far we haven't seen much of a French increase (of course, I can only speak to what we order -- I'm sure there have been price increases). Well, I can't say I didn't expect it.
March 29, 2008 | Unregistered CommenterCarol B.
Carol - It has been amazing how French wine prices have held over last few years. In my opinion French wines have been the best values around (excluding top Burgundy and Bordeaux) for some time. I guess those days are coming to a close. Can't blame the producers though, they've cut their profits for years to keep prices low.
March 29, 2008 | Registered CommenterCraig Camp
Craig, I saw this same story and blogged on it myself. See the graph of the Euro/$ exchange rate over time and some broader implications. http://www.vinfolio.com/thewinecollector/2008/03/the-weak-dollars-impact-on-fin-1.jsp
March 29, 2008 | Unregistered CommenterSteve Bachmann
Well considering the dollar has gone down for so long let me be the first to predict it will now rise!
March 30, 2008 | Unregistered CommenterMark V Marino

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