Snow at Quinta do Centro

Snow at Quinta do Centro

A cold and deeply depressing start to the year. We have snow in the vineyard at Quinta do Centro and yesterday it snowed in Oporto for the first time in 25 years. The viticultural year has already begun and the pruning is well underway. Most of my worries lie at home with the downward direction of sterling against the euro, which nearly reached parity before Christmas. It represents a double whammy for me as most of the investments that I make in the vineyard come from money earned in the UK. Now with the slide in sterling the price of Pedra Basta will rise by around 30% in the UK. The Wine Society have increased all their prices in the January list with Pedra Basta rising from £9.95 (which is where we wanted it to be) to £12.50 in six months!