The positive signs observed in the last Talking Trade appear to have continued throughout this week of trading. Both value and volume traded on the exchange rose by 18% and 25% respectively. Activity was also high, with 38% of members trading in the last week.
Increased trading of wines from the USA and Australia appears to have impacted Bordeaux’s overall share of trade, which dropped to 68.7% compared to 76% the previous week. However, First Growths continued to hold steady and represented 35% of all trade for the second week running: a sustained increase on the September average of around 25%. As with last week, the majority of vintages traded were “off” vintages and Mouton Rothschild traded particularly well once again, accounting for 40% of First Growth trade. Traders also seem to be finding value in 2008 Bordeaux: the vintage claimed 20% of Bordeaux trade by value, more than double any other vintage.
