Trading activity around the Rhône remains high with Châteauneuf-du-Pape taking the largest share of trade so far this year.
- Châteauneuf-du-Pape is the most traded Rhône appellation so far this year.
- The Northern Rhône’s top appellations dominate much of the remaining trade.
- Market sentiment towards the region remains strong, with a rising level of confirmed buying commitments.
Châteauneuf-du-Pape is the most traded appellation
As was noted earlier this year, the Southern Rhône’s leading appellation, Châteauneuf-du-Pape is currently enjoying one of its best periods of trade activity in a decade. Its 55% share of Rhône trade last year was the highest since 2008.
The region has accounted for 43% of total Rhône trade by value so far this year and over half of the trade by volume (58%).
Activity has been driven by demand for estates such as Domaine de la Janasse, Domaine du Pegau and Château Rayas and the 2019, 2016 and 2017 vintages.
Northern Rhône dominates remaining trade
The leading appellations of the Northern Rhône, Côte Rôtie, Hermitage, Cornas, Condrieu and Saint-Joseph, account for the majority of the remaining trade.
Guigal’s La Turque, La Landonne and La Mouline lead account for most trade from these northern regions. Incidentally, it was reported by Decanter this morning (3rd November) that Guigal is to introduce a fourth ‘La La’ called ‘La Reynarde’. The wine is to be produced only in select vintages.
Hermitage from Domaine Jean-Louis Chave, Guigal’s ‘Ex Voto’ and Paul Jaboulet Aîné’s La Chapelle follo on as the next most-traded labels.
Positive sentiment remains strong
The Rhône has maintained a very steady level of trade – around 6% of the total – throughout the year.
The current level of firm commitments to buy and sell on the Exchange shows positive market sentiment towards the region’s wines.
The current level of LIVE offers is £1.5 million to £2.4m in LIVE bids. The value of bids out-pacing offers suggests there is steady demand for Rhône wines.
For all LIVE Rhône offers, click here.
Liv-ex analysis is drawn from the world’s most comprehensive database of fine wine prices. The data reflects the real time activity of Liv-ex’s 530+ merchant members from across the globe. Together they represent the largest pool of liquidity in the world – currently £80m of bids and offers across 16,000 wines. Independent data, direct from the market.
