We have already had notification of some key cognac price increases and much as we have been saying all year, the wholesale cognac prices are currently set to rise by more than 14 % in 2013. Price rises will not be the same right across our range since some people are not so concerned with the wholesale prices or, as in the case of some of our suppliers, are linked in with ongoing contracts that will restrict the increases.
Young cognac prices rising the most in 2013
The biggest increases will be in the younger and lower cost cognacs, where the demand in China is greatest and where Hennessy, Martell and Remy Martin are currently supplying more than is being made to these markets. At the moment the big houses are buying almost anything they can get their hands on and although most is on contract, that left is increasing in price fast. At Hermitage Cognacs we will endeavour to maintain current prices as long as possible but it is inevitable that they will have to go up next year.
Armagnacs prices - buy now to avoid big rises in 2013!
However, if we are worried about cognac prices, armagnac prices are going up even faster! Again the Chinese are to blame as they recognise the value of vintages and as with cognacs, when a vintage has run out it cannot be replaced. Some of the finest vintages can be found on our website - we have the biggest range of Delord Armagnacs and Castarede in the country. Other good vintages can be found amongst the wide selection of Chateau de Bordeneuve and Clos des Saveurs armagnacs that are available to buy online..
Many vintages have now completely run out and customers seeking very special vintages are advised to buy now.