date:May 13, 2014
based on Liv-ex prices.
While producers have been able to count on selling their wine to the Bordeaux negociants, or traders, barely six months after harvest, stocks have been building up during the run of poorer vintages since 2011, potentially putting financial pressure on merchants left holding it.
Cash Flow
Top Bordeaux producers dont actually need the cash flow, Davis said. Anyone who goes to Bordeaux and just looks around can realize the last thing they need is any cash. Theyre spendin