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Bordeaux 2010: America baulks at 2010 prices-11June24

With Bordeaux 2010 en primeur prices eclipsing last year’s offerings, American merchants worry about the ability to sell mid-level wines whose prices are higher than ever. As has been the case with previous vintages, the market for the blue chip wines seems solid, but wines a bit further down the pecking order are struggling.

The first growths and their Right Bank equivalents โ€˜will sell at any priceโ€™, Chris Adams of importer Sherry Lehman in New York said.

But the problem is in the mid range, โ€˜where wines that used to be $50-$60 a few years ago now come out between $100-120.โ€™ The poor euro-dollar exchange rate compounds this problem, he added.

Too many wines are reaching โ€˜dangerousโ€™ price levels, Shaun Bishop of JJ Buckley in California said. โ€˜I think people really do want to buy the wines, but too few wines in this campaign so far offer compelling prices for what the consumer expects to be in the bottle.โ€™

Both Adams and Bishop expressed dismay at the 2010 price of ChateauSmith Haut Lafitte, for example. The respected Pessac Leognan property came out at โ‚ฌ77 and is retailing at over โ‚ฌ100 a bottle.

Still, potential 100-point Parker wines, such as Chateau Pontet Canet, will sell, regardless of the price increases, Bishop predicted.

โ€˜We sold 30% more of Pontet Canet at a higher price in 2010 in the first two days since its release than we did of the 2009 in the first two days of its release,โ€™ said Bishop.

Long-time Washington DC importer Elliot Staren of Wide World of Winessaid that he is buying less this year. โ€˜We are buying so far, but being much more selective.โ€™

Source: http://www.decanter.com/bordeaux-2010/en-primeur-coverage/528923/bordeaux-2010-america-baulks-at-2010-prices
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Small and medium businesses in Clark Philippines have a lot of interesting and unique products and services to offer but very few outside of Clark Freeport including potential customers in nearby Pampanga Angeles City, Subic, San Fernando and Manila ever hear about them. Market obscurity has led to slow growth in businesses inside Clark Freeport Zone and this is not being rectified as a new public service web site has been created to allow Clark locators to promote their services and products without any charge. Clark Pampanga is a fast growing city and businesses in Manila are making their move to either expand into or relocate to Clark Philippines.

The ClarkPhilippines.com web site is a community service web site dedicated to helping small businesses operating in Clark Freeport, Angeles City and vicinities like Subic and other cities in Pampanga or Tarlac even, to promote their products and services through internet visibility. There is no charge to these services.

Aside from products and services, news releases and product announcements can also be posted free of charge on ClarkPhilippines.com web site.

This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines. There are several web sites that contain information that might also be pertinent to what is happening in North Luzon, Subic, Tarlac, Pampanga, Clark Freeport Philippines.

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to http://www.HotelClarkPhilippines.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.

http://www.ClarkWineCenter.com

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