Kentucky bourbon inventory at highest level since 1972
LOUISVILLE — Kentucky’s bourbon distilleries ratcheted up production again last year, boosting overall inventory to 7.5 million barrels of aging whiskey — the highest volume since 1972, an industry group said Thursday.
Rounds of distillery expansions and start-ups have put the sector on a trajectory toward higher production, but an industry leader warned trade disputes in key overseas markets remain a threat to the good times for bourbon producers.
If tariffs curtail bourbon consumption in those markets abroad, the industry could be left with some sobering consequences — a flood of whiskey to sell by trying to boost sales in the U.S. and in countries unaffected by trade disputes. An abundance of whiskey could affect pricing, hurting not only large distillers but especially the fledgling craft distilling market.
Last year, Kentucky’s overall spirits production — mostly bourbon — surpassed 1.7 million barrels for just the second time since 1968, an increase of 129,000 barrels from 2016, the Kentucky Distillers’ Association said.
Read more: https://www.state-journal.com/2018/09/27/kentucky-bourbon-inventory-at-highest-level-since-1972/
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