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Serious shortage of aged Cognacs

BNIC Statistics for March 2010 have revealed that stocks of old cognacs used by the big houses has dropped to one of the lowest levels ever, with only 2.9% of 4 and 5 year old stocks available for blending and 1.8% of stocks over 6 years old. In comparison, new cognacs, which are up to 1 year old are 64.4%

This indicates that blended cognacs such as VS and VSOP from the big houses will require to be even younger to meet the increasing demands of consumers, especially in America where sales, particularly those of Hennessey have increased and are now better than the pre-recession 2008 level. China, Hong Kong and Taiwan have all increased their purchases considerably over the last 12 months.