Wine trade feels pressure of mounting costs (UK)

Wine trade feels pressure of mounting costs (UK)

Fluctuating currency markets and high transport costs are putting wine retailers under more pressure, reports Harpers Wine & Spirit. Noel Reid, wines and spirits buyer at Frederic Robinson, said: “I don’t think there’s anyone out there who could say that exchange rates and transport costs are not a problem for them at the moment, alongside duty hikes. It’s causing real concern in the trade and is putting pressure on house wines in particular. I know people who are having to try to source wines under 80 cents in order to hit their list price.”

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