Despite the increased supply of Champagne due to the 2011 bumper harvest and slowing demand in Europe, producers are still increasing prices. Why? As mentioned in my last post, the 2012 crop was much lower than expected which gave producers the excuse they needed to take up prices. Given the rising cost of all raw materials from sugar to cotton to livestock, it was only a matter of time and I'm all for Champagne producers making a fair wage for delivering such a delightful product. That said, I'm counting on some nice post New Year's deals. I guess you can say I'm wearing my Rosė colored glasses.
For the full article, check out today's Wall Street Journal: http://online.wsj.com/article/SB10001424127887324020804578146764175243812.html?KEYWORDS=wine