Proposed adjustments to alcohol duty in the United Kingdom will result in increased prices for wine drinkers. Levies on sparkling wine, draught beer, and cider would be reduced under the new system, but taxes on stronger drinks like red wine would increase. The complexity of these tariffs would be crippling to the trade. Small and medium-sized businesses would likely go out of business as a result. If wine is taxed according to its alcoholic strength in this way, the price of 70% of still and sparkling wine, as well as 80% of still wine, 95% of red wine, and 100% of fortified wines, will rise.
However, the situation in New Delhi, India's capital, is completely different. With the Delhi government's new liquor regulation in Feb 2022, providing merchants more flexibility in pricing their retail stock, numerous vending operators in the national capital are offering consumers discounts of up to 40% on Indian and international brands.
Red wine prices for an average bottle are around 15.66 USD, while a good bottle of wine costs about 32.48 USD.
Procurement Resource provides latest prices of Red Wine. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Red Wine for several regions around the globe, which are as follows:
About Red Wine:
Red Wine is a kind of wine that is made from dark-coloured grape varieties. Wines with high acidity usually taste tart and zesty, Red wines, for example, have more tart fruit properties. It generally implies that it has very high acidity and minimal fruit flavours. However, the actual colour of the red wine can vary from intense violet to brick red and brown for young wines, mature wines and older red wines respectively.
Red wines are often prepared or produced by destemming and crushing the grapes into a tank where the skins are left in contact with the juice throughout the fermentation (maceration).
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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