Burgundy Producers Take Price Increase

Burgundy producers have increased prices for the U.S. market by 10-20% over the past few weeks due to the declining dollar, said Pierre-Henri Gagey, president of the Burgundy wine association and chairman of the Maison Louis Jadot wine company. "We have been absorbing the dollar decline for the past few years. The producers have given up their margin, the trade has sacrificed its margin and the importers have slashed their margins," Gagey told a news conference, as reported by Reuters."But