Market Flashcards
How much of a shippers stock can be legally exported
A third of the stock at 31st December can be exported the following year
Why must all Port now be bottled in Portugal
Malpractice in some export markets
What is the Selo de Garantia
A numbered paper seal guaranteeing that the wine conforms to IVDP rules
What is the beneficio
Annual authorisation
Each grower receives an allowance per hectare of what can become port
Based upon grade
Remaining must that is not authorised for port goes into what
Douro table wine or for distillation
What does the IVDP take into account when setting Port production limits
Vintage conditions
Current stocks
Market conditions
What is a downside to the beneficio
No built in quality control
What are the 3 main export companies and which brands do they own
Symington Family
- Dow
- Graham
- Warre
Fladgate Partnership
- Croft
- Delaforce
- Fonseca
- Taylor
Sogrape
- Sandeman
- Offley
- Ferreira
Brief history of Symington family
Andrew Symington- became partner at Warre George Warre was partner at Dow’s Share swap 1961- Sold Symingtons shares 1970- Bought Graham and co 80’s - revived interest in single Quinta 1989- bought Quinta do Vesuvio 1998- Robotic lagares 2006- bought Cockburns
History of cockburns
Owned by Symington family 1915 - founded. Robert Cockburn 1962- Associated with Harvey’s Known for unconventional vintage declarations Known for its special reserve ruby
History of the Fladgate partnership
Formed in 2001 when Taylor Fonseca Vinhos purchased Croft and Delaforce
Family owned (Yeatman family)
1893- Vargellas property purchased
Late 20th- Taylor’s popularised LBV
1948- acquired Fonseca
2001- Croft acquired. Croft pink was launched
Specialises in premium port
Croft history
Owned by Fladgate partnership (2001)
1678- precursor established (Phayre and Bradley)
1736- Croft became a partner
1911- taken over by (what would later become) Diageo
1970s- expanded into sherry
Launched pale cream
History ofTaylor’s
History ofTaylor’s
1692- job Bearsley
1816- Joseph Taylor joined, later Fladgate and Yeatman.
Became Taylor, Fladgate and Yeatman in 1844
History of Sogrape
Portugal’s largest wine producer
Owned by Guedes family
Invests in new wine regions
Owns Ferreira, Sandeman and Offley
Ferreira history
1751- established
Run by Antonia Adelaide Ferreira in the late 19th century- she invested heavily
Her father in law established Quinta do Vesuvio which was sold in 1989 to Symingtons
Pioneered vertical planting
Own Quinta do Porto, Quinta do Caêdo and Quinta da Leda
1979- purchased Quinta do seixo (Sandemans)
