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Global Whisky slowdown?

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@Lars
Lars started a discussion

Just read this article on BBC new last night and a started thinking about the ramifications of this.

bbc.com/news/…

Has the Bubble burst? It seems that most of the slowdown is in the Asian Markets. Maybe this will give the industry the time it needs to store and age whisky instead of releasing NAS every week or so it seems. Will we see whisky prices go down (LOL). Anyone else have any ideas on this? Maybe I'm over-thinking this it was a long day at work yesterday.

10 years ago

3 replies

@Victor
Victor replied

It's a bit early to be drawing conclusions from a relatively flat market. I'd be happy to see whisky prices go down, but that would likely be accompanied by hard economic conditions. So even if absolute prices do go down, income to pay for goods may go down at the same time.

What would be truly radical would be for world-wide taste to shift away from hard brown spirits. There doesn't seem to be much evidence for that yet.

10 years ago 2Who liked this?

@Lars
Lars replied

@Victor As you said it would be radical for tastes to change. It has happened in the past causing some great distilleries to close there doors. I would hate to see that happen again. While export to China and other Asian countries have dropped off for various reasons it seems that other countries are increasing their imports. Good, bad, I'm not sure? One thing I am sure of is that I have never seen a price go down on anything yet. Much to my disappointment.

10 years ago 0

Rigmorole replied

Dream on. And if you believe the mass media when it comes to financial decisions, good luck to you. The bubble hasn't burst. Old stocks are disappearing. New NA offerings from distilleries tell the tale. New offerings are the ball to keep your eye on. Yes, there are 18's on the shelf still, but the new offerings tell the tale.

Old stock is old stock. Pay attention to what is getting bottled and you will come out ahead in terms of anticipating what you need when you need it. There was a s*%t ton of insider trading before the big tsunami in Indonesia.

Did the media report on that? No way. Once the tsunami hit, the USD firmed up nicely. Coincidence? You tell me. And, no, you will never read about that in the BBC. UK Scotland BBC is not on your side when it comes to the market. The markets aren't on your side either. Both the major media and the markets are rigged. This rationale also applies to commodities like scotch whisky and pork bellies and the price of tea in China

10 years ago 0