Port Institute raises yield for 2013

21st August, 2013 by Gabriel Stone

The Inter-professional Council of the Port Institute has approved a 3.6% production increase for the 2013 harvest, although the level still falls well short of the category’s annual global sales.

DouroEven with this year’s beneficio increase, total Port production will reach 70.3 million litres, a figure that remains well below the category’s estimated global sales figure of 81m litres.

The permitted yield for the Douro’s best quality, A grade vineyards has been set at 1,829 litres per hectare. This falls to 1,800 litres for B grade sites, 1,655 litres for C grade and 1,610 litres for D grade vineyards.

Introduced in 1935, the beneficio restriction was originally designed to tackle oversupply issues in the Port industry but is a source of controversy today, with many producers arguing that it hampers the sector’s ability to compete effectively.

Although Port supply continues to be kept significantly below demand, the category is experiencing a slight dip in sales this year compared to 2012.

Despite the success of the recently declared 2011 vintage, this represents a tiny proportion of the volume sales. By contrast, standard category Port has seen sales slide after producers were forced to impose price hikes as a result of major cost increases in the wine brandy used for fortification.

Illustrating the scale of the problem, Paul Symington, joint managing director of Symington Family Estates, reported: “the Port companies have had to collectively pay some €35 million more for an identical quantity of wine brandy for the 2013 harvest compared to the average cost of brandy at the 2010 harvest.”

Although noting that most Port companies expect their 2013 sales to be “only 1% down on the 2012 level,” Symington highlighted the “severe pressure” on recession-hit Portugal’s banking system as he warned: “this additional cash requirement has been a major challenge for the Port trade.”

Turning to the outlook for the 2013 harvest, which is expected to begin in just under a month’s time, Symington said: “Prospects are good after a very wet winter replenished the water reserves following two very dry years.”

In spite of this winter water top-up, he noted the dry conditions which have persisted in the region since early May, with the result that younger vines are “showing signs of heat stress”.

However, Symington assured that the deep root systems of the older vines mean they are “looking superb, with a good crop of fine looking grapes.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Job vacancies

Brand Ambassador – Santa Rita Estates

Santa Rita Estates
London or Hertfordshire but with flexibility to travel, UK

Sales Executive - Wine and Spirits Awards

The Drinks Business
Central London, UK

On-Trade Channel Manager

Delegat Europe Limited (UK)
London / Midlands, GB

Trade Marketing Analyst

Delegat Europe (UK)
London, GB

Key Account Executive

Delegat Europe Limited (UK)
London / Midlands, GB

Senior National Account Manager

Conviviality
London, UK

ON-TRADE Sales Executive

Roberson Wine
London, UK

OFF-TRADE Sales Executive

Roberson Wine
London, UK

Judging Week Runners

Decanter World Wine Awards
ExCel Centre, London E16, UK

Sales Administrator

Les Caves de Pyrène
Guildford, UK

Retail Commercial Executive

Laithwaite's Wine
Theale, Berkshire

Wine Buyer

Conviviality Plc
Crewe, UK

Sales Account Manager - On-Trade

Berkmann Wine Cellars
Liverpool

Sales Account Manager - On-Trade

Berkmann Wine Cellars
M3/M4 corridor

Media Sales Manager - Hong Kong

The Drinks Business Hong Kong
Hong Kong

The Global Merlot Masters 2017

Deadline : 31st March 2017

The Prosecco Masters 2017

Deadline : 10th March 2017

db Awards 2017

Deadline : 28th April 2017

The Global Organic Masters 2017

Deadline : 3rd March 2017

Click to view more

The Global Sparkling Masters

the drinks business is thrilled to announce the launch of The Global Sparkling Masters

The Global Rosé Masters 2016

the drinks business is proud to announce the launch of the Global Rosé Masters 2016.

The Prosecco Masters 2016

Now in its third year, the competition will reflect the growth in popularity of this fresh and exciting sparkling wine from the picturesque regions of Veneto and Friuli.

The Global Pinot Noir Masters 2016

After the success of last year’s competition that judged over 250 wines from no less than 16 countries, the drinks business is proud to announce the third year of the Global Pinot Noir Masters

Click to view more