LONDON – This yr’s lengthy, heat summer season produced a bumper harvest for English wine producer Chapel Down, it mentioned on Monday, excellent news for followers of the flourishing native fizz business.
Chapel Down, based mostly in Kent, southern England, is the nation’s wine largest producer. In a press release it mentioned its harvest jumped 43% this yr, enabling it to make 2 million bottles of glowing and nonetheless wines, up by a 3rd from the earlier yr.
Vines have turn out to be an more and more acquainted sight on the rolling downs of south east England over the past 20 years as local weather change makes it simpler to develop grapes, enabling producers to reap the benefits of chalky soils just like these present in France’s Champagne area.
The English glowing wine market grew 29% in 2021, mentioned Chapel Down in its assertion, including that the corporate is in talks to supply extra land for brand new vines.
One research estimates that the variety of hectares used for rising grapes in Britain expanded by 400% between 2004 and 2021, though English wines nonetheless solely account for about 2% of all wine purchased in Britain.
Whereas the warmer than typical summer season in Europe apprehensive some vineyards on the continent, forcing them to reap early as temperatures soared, Chapel Down mentioned it had benefited from the hotter climate.
“Our robust efficiency within the first half of the yr and the bumper harvest we've introduced at the moment depart Chapel Down nicely on observe to satisfy our goal to double the dimensions of the enterprise by 2026,” Chapel Down’s Chief Govt Andrew Carter mentioned within the assertion.
Chapel Down is listed on the Aquis Inventory Change in London and has a market capitalisation of about 40 million kilos ($45 million).
($1 = 0.8864 kilos)
Post a Comment