I became an honorary Gin Rectifier last night (May 9). I took an oath and now I am duty bound to promote the best interests of gin.
Total shipments of cognac for the year ending July 2012 stood at 18.7m nine-litre cases with turnover amounting to €2.2bn, an increase of 13%.
Volume remains balanced between three major geographical regions: NAFTA (US, Canada and Mexico), Europe and the Far East.
Shipments to the Far East jumped by 9.9% in volume and 21.4% in value during the period. The zone represents 6.9m cases of cognac, largely thanks to China.
NAFTA, cognac’s traditional market, grew by 1.9% from August 2011 to July 2012 to stand at 5.8m cases.
Europe, where difficult economic conditions slowed consumer demand, saw a drop of 1.9% to 5.2m cases.
Broken down by quality, VS was up 6%, VSOP rose 8.6 and XO increased by 22.9%.