Wine pricing Flashcards
Production costs can be divided into?
Grape growing and wine making
3 things that are a very complex part of the wine trade and are highly regulated?
Transport, distribution and sales
3 main types of wine producers?
Co-operatives
Merchants
Estates
What is a co-operative?
-Wine businesses owned by their members, typically grape growers
-Growers deliver their grapes to a winery that is owned by the co-operative and run by a winemaking team that is employed by the co-operative
**Common in Europe
What is a merchant?
-Aka, Negociant
-Buy grapes, juice or wine from either growers or co-operatives
-Will have contracts with their suppliers and have greater control over their source material than some co-operatives
-Can be small or large scale
What is an Estate?
-Aka, Domaine
-These businesses make wine only from the grapes they grow
-Wine on small scale
-Can have fewer blending options
In most countries, what must appear on label?
Contains sulfites, if the amount of SO2 is above a certain level
What is a GI?
-Geographical indication- A products region or place of origin
-A designated vineyard area within a country
If a GI is stated on a label then…?
-Typically at least 85% of the liquid must come from stated GI
World Trade Organization created a GI system based on what?
Relies on defined boundaries and regional names
European union wines with a GI are divided into 2 quality categories, what are they?
- Wines with a protected designation of origin (PDO)—> Smaller areas with more tightly defined regulations
- Wines with a protected geographical indication (PGI)
French term for PDO? (Appellation d’origine protegee)
AC
Appellation d’origine controlee
French term for PGI?
Indication geographique protegee (IGP)
Category with most flexible production rules?
Wines without at GI
(Most flexible production rules)
