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My View: Time for Italy to emphasise its quality

Friday, 02 November 2007
There is no doubt that Italy has experienced a difficult vintage in volume terms in 2007, with the post harvest Associazione Enologi Enotecnici Italiani report quoting overall figures 18% down on 2006.

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2007 looks to have been one of the smallest vintages in the last 70 years
But although 2007 looks to have been one of the smallest and earliest vintages in the last 70 years, reports on overall quality are very positive.

The key volume-driving areas of the Veneto and Sicily at
the geographical extremes of Italy seem to have been among
the worst affected.

A wet and hot June/July led to rot in a number of well-reported cases in the Sicilian vineyards and volume predictions there are down as much as 40%.

This short vintage comes at a particularly interesting time
for Italy, which is facing an international surge in demand for its wines - at both entry and premium levels - coupled with high fuel costs, which are leading to inflation in the costs of dry materials.

One does not need too sharp a grasp of economics to
surmise that a commodity in demand but in short supply,
which is also becoming more expensive to produce and
package, is likely to experience price inflation.

However, it is worth pointing out that Italy is not alone in its predicament.

With Australia and parts of France in a similar position,
this may be just the opportunity Italy needs to emphasise its quality wine credentials as a counterpoint to the pursuit of pure volume.

Damian Carrington is head of marketing at Enotria
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