Bordeaux 2012 Prices Seen Resisting Buyer Pressure for Cuts

Bordeaux winemakers are predicting that futures prices for the 2012 vintage will resist pressure for cuts from U.K. and U.S. buyers even as speculative demand cools.

Prospects for the vintage, due to be sold through brokers next spring, improved late in the season as the weather turned more favorable. Producers surveyed at London tastings said 2012 prices will probably stabilize around 2011 levels, still well below the peaks reached for higher-quality 2009 and 2010 wines.