What Makes Red Wines Premium?

Red wines are obtained from a number of red grapes varieties. These include shiraz, cabernet sauvignon, pinot noir, etc. The prices of these wines vary widely. Some of these could be bought at real cheap prices while some others are highly expensive. The variation in prices is due to a number of factors. Among these, the four major ones are nature of farm practices, time period devoted to cellaring, time period for which the wine remained bottled and demand and supply factors. These factors for premium red wines production are:
Farm Practices
The first factor which determines where a particular red wine would be premium is the nature of farm practices. If the farm practices are sustainable and eco-friendly, then there is bound to be a cost escalation since these practices do take a longer time period. Organic red wines are therefore costlier than the traditional ones which were produced from the chemical fertilizers fed farms. Due to non-existence of chemical compounds, there fetch a good premium in the market.
The type of grape variety being grown is also a factor in price decision.
Cellaring Period
For how long the wine is kept in the cellar before being bottled is yet another factor in determining price of wine. The longer is the period of cellaring, more are the overheads incurred and, therefore, higher would be its cost. Some of the most expensive wines are the ones which have a very long cellaring period.
Bottling Period
Once the wine goes into the bottle, it might not be released immediately into the market. It might still be kept in storage for a number of years before releasing it for consumption. The length of this time period determines whether red wine is a premium one or not. Longer bottled up period increases its price.
It shall be noted that the price of wine is not high because length of storage but also due to the change in colour, taste and flavours.

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