by cowdery » Sat Jun 02, 2007 7:35 pm
BT Prez Mark Brown sez:
"Demand has been growing for our older whiskeys, well in excess of the available supply, especially on Charter. So, rather than compromise quality by dropping the age statement or lowering the proof, we are stepping up the allocation system for the brand. In addition, our costs have been rising and will more as the full effect of corn, oil, energy begins to flow through the aging inventory, hence the price increases."
One remaining vestige of the whiskey glut has been low prices. Prepare for higher prices across the board, especially on premium products and, especially, products with age statements of eight years or more. It's simple supply and demand.