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Pernod Ricard offloads bulk of wine unit to focus on spirits // BC, Alberta reach agreement on interprovincial wine trade

July 17, 2024 - Wine Industry Insight Daily News Feed

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“Significant inventory remains available on the bulk market and pricing has been softening in a bid to stimulate buyer interest and clear tank space ahead of the coming harvest. Prices that lead to transactions are often – and are likely to continue to be – below where they were in previous years, reflecting where an opportunistic buyer and a motivated seller can come to an agreement.”

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