From Yahoo Finance: 2025-05-01 08:03:00

The Cognac region saw a downturn in 2023 and 2024, with shipments dropping significantly. This led to decreased revenues for major players like Moët Hennessy and Rémy Cointreau, with China’s market particularly hard hit. The industry faces challenges from tariffs, trade wars, and over-reliance on key markets like the US and China.

Efforts to address the situation in China, including discussions around tariffs and stockpiles, have been met with cautious optimism. However, the impact on Cognac exporters has been severe, with a 72% drop in shipments to China alone. This has significant implications for the industry as a whole, beyond just corporate profits. China anti-dumping dispute continues, urging resolution by July 5 to avoid economic crisis. Cognac industry faces slump, with 4 dominant brands and 4,360 winegrowers at risk. Urgent attention needed to prevent further economic downturn. Just Drinks article highlights industry challenges and calls for action to safeguard livelihoods.

Read more: Woes surround Cognac and its ongoing slump requires urgent attention