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May 30, 2022 View:

Liv-ex Weekly Trading Summary Northern Hemisphere begins harvesting 2020 vintage

This week, the Northern Hemisphere begins harvesting the 2020 vintage, and many wineries are gearing up.

Image courtesy of: Livex Premium Wine Market

Notably, the Champagne houses have started harvesting two weeks earlier than last year and have agreed to tighten harvest restrictions due to reduced demand. Conversely, the region has been performing strongly in the secondary market of late. the Liv-ex Champagne 50 is the best performing index for 2020, having risen 4.47% year to date, driven in part by continued demand for the acclaimed 2008 vintage.

Bordeaux"s share of the trade (36.7%) was unchanged from the previous week, while Burgundy was up slightly (15.1%). Both wine regions have started picking white grapes only earlier this week; while red grapes are expected to start in the first week of September.

The share of Champagne (8.5%) more than doubled from the previous week (low). Italy (19.4%) and other countries (8.8%), however, were down, but still above the average for July.

The U.S. (7.0%) and Rhone (4.5%), on the other hand, continue to trade at a share above the annual level of 2019.

Vega Sicilia, Ribera Del Duero Unico 2010 was the most traded wine of the week in terms of total value. Its 2007 vintage was also active, leading the other wine regions in trading.

One of Italy's most famous wines, Sassicaia Sassicaia, also saw its San Guido, Guidalberto 2018 trade at a tenth of the price of the Super Tuscan Super Tuscan.

Pontet-Canet and Lafite Rothschild also won bids in 2009; the former was in demand all over the world. In 2012, after achieving a perfect score on the Parker 100, Pontet-Canet sold for a new high of £1,950. At the end of last year, it sold for £1,300; it looks set to become one of the best performing Bordeaux wines of 2020.