Sunday, 30 September 2012

News from Jerez 30.9.12


Estevez urges Sherry sector to avoid losses of vineyard

Jose Ramon Estevez, president of Grupo Estevez, wants to see some sort of pact to ensure the survival of the Sherry business. After two decades of stagnation, the business is now in balance and now is a key moment to ensure that the growers and vineyards survive. Without them there would be no wine, no bodegas. “We must make the vineyards profitable or they will simply disappear. Current stocks are about 350,000 butts, and the 2012 vintage will bring in about 50,000, but if sales are running at 85,000 the conclusion is obvious.”

“What we need is a long term plan. Up till now the bodegas have only been thinking about reducing costs, stocks, staff. Now is the moment for us all to join together and move forward, from the bottom up and create a good business model. The era of over production is over and Sherry has ceased to be a “commodity”. Now it is a question of quality rather than quantity.

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