Ouch!
https://porttoportwine.blogspot.com/202 ... 75000.html
More protests coming? I expect so. It was already happening.
https://www.thedrinksbusiness.com/2025/ ... e-streets/
2025 Beneficio: 75,000 barrels
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Re: 2025 Beneficio: 75,000 barrels
Ouch indeed!
Andy Velebil Good wine is a good familiar creature if it be well used. William Shakespeare http://www.fortheloveofport.com
Re: 2025 Beneficio: 75,000 barrels
This Port glut/low demand ratio will not last. As I said last year when they cut to 90K, they want to redouble their efforts in improving global distribution, not cut supply. And if a pipa is only 1K euro, then they need to get bottling & processing costs down to get that cheap port out there. Can literally sell Two Buck Chuck Port at that price, college students alone would buy it all up - many of whom would then become long term customers.
Cutting supply gets you nowhere when there is competition. Coincidentally, OPEC just announced they are loosening supply again next month because cutting supply hasn't propped up prices, it has only cost them market share.
Cutting supply gets you nowhere when there is competition. Coincidentally, OPEC just announced they are loosening supply again next month because cutting supply hasn't propped up prices, it has only cost them market share.
All is fair in love and Warre's