Tag Archives: industry

Champagne sales record year

Brussels 11.12.2021 The outlook for the key Christmas and New Year festive season, however, is clouded by uncertainty over the recently detected Omicron variant of the coronavirus, but Champagne sales are expected to mark a record year as shops and restaurants replenish stocks after months of virus-related restrictions and as retail demand surges, an industry body said Friday, December 10.

Jean-Marie Barillere, co-president of the CIVC Champagne industry association and president of the Champagne brand group UMP, told AFP that the sector was headed for sales of 315 million bottles this year, representing turnover of 5.5 billion euros ($6.2 billion).

If confirmed, that would beat the current annual sales record of 5 billion euros, reached in 2019, before Covid struck.

The sales increase comes after severe spring frosts followed by summer rains wreaked havoc on French vineyards, some of which are forecast to report harvest losses of as much as a third for the year.

But Champagne must be aged more than a year and producers traditionally keep millions of bottles stored in their cellars to ensure steady supplies from one year to the next.

Strong exports, especially to English-speaking countries, were a big factor for the bumper year, Barillere said.

“The pandemic has created new consumer habits,” he said. “Everything related to entertaining at home is in high demand, including champagne.”

However the prospects for traditional events and restaurant dining over Christmas and New Year’s depends on Covid developments, and whether the Omicron strand prompts new travel restrictions, curfews or lockdowns.

EU-UK trade agreement on rocks

The EU officials have informed the UK goverment that the Primie Minister Boris Johnson has less than two weeks to save the agreement on post-Brexit trade and security, according to senior European Union sources. (Image above: archive).

The heads of the delegations Michel Barnier and David Frost will hold emergency talks next week in an effort to save the negotiations, according to The Times newspaper.

Mr Barnier, the EU’s chief negotiator, told the government last week that negotiations will not move forward until Mr Frost explains what Britain’s future policy will be on industrial subsidies, often mentioned as «level the playing field».

The Britsh negotiator responded to the EU top civil servant that the UK would not draw up such a key economic policy on a “timetable dictated to” by Brussels.

However the EU position towards key elements has not changed since January. «…Without a level playing field on environment, labour, taxation, and state aid, you cannot have the highest quality access to the world’s largest Single Market» the president of the European Commission Ursula von der Leyen said while addressing London School of Economics with her speech on future of relations between the EU-UK relations.

Next to issues of trade the other questions of significance still remain unanswered, being locked as a part of this comprehensive agreement – the status of the EU citizens in the UK, the border controls, and the immigraiton.