Valentine’s Day is just under two weeks away and some gifts are going to cost more this year.
Due to shipping issues and inflation, some shopping list items, such as sparkling wine, are increasing in price.
“As we see those costs go up, those are going to have to be passed on. So I anticipate you’re going to be paying more for your sparkling wine for the upcoming holiday season or wedding season,” Wine said. & Spirits Wholesalers. of America SipSource analyst Dale Stratton said.
Stratton said about 11% more sparkling wine was sold in 2021 compared to 2020, which could also contribute to this cost increase.
In Napa Valley Californiabubble producers have faced several challenges.
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“There have been a few issues with the supply chain, mainly around packaging materials – things that are paper, cardboard and glass related,” said Domaine Carneros, CEO Remi Cohen.
From production to opening open bottles, Domaine Carneros does it all, but the pandemic has created challenges for them.
“We have a lot of courage here; we are farm workers,” Cohen said.
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California produces the majority of the country’s wine. With the recent drought, fires and other extreme weather conditions, some crops have been killed resulting in lower yield.
“Our industry is agriculture-based, so we’re used to dealing with mother nature and the unexpected,” Cohen said.
Cohen said they haven’t had to raise prices yet, but the cost of production is on the rise.
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Stratton said there was no shortage of sparkling wine, but prices were rising and more people were buying it for everyday occasions.
The shortage could come later, however, as some types of sparkling wines and champagnes take years to age.