Official figures for the bumper 2018 harvest have yet to be published but it is anticipated that for the first time ever, the quantity of eau de vie produced will exceed 1 million hectolitres of pure alcohol. Despite the much-publicised growth in cognac sales over recent years, sales over the last 3 months, including Christmas, have been down, year on year. In particular, exports to North America and China have been affected with the latter seeing a 4% reduction. The authorities in China are trying to reduce their imports across the board so this is likely to be a contributing factor. Interestingly though, Bordeaux wine has also seen a drop of 13% in sales worldwide during the Winter 2019.