In en primeur, which statement reflects a potential benefit for purchasers?

• A. Wine is delivered immediately after harvest
• B. No allocation possible
• C. No cash flow advantages
• D. Prices may increase after bottling

Answer: (D)

In en primeur, buyers lock in a price before the wine is bottled, so a potential benefit is that if market prices rise after bottling, the wine you committed to today will be worth more on release, giving you upside because you paid the lower en primeur price. This futures-like advantage is why the option stating that prices may increase after bottling best reflects a purchaser benefit. The other statements miss how en primeur works: delivery occurs after bottling, not immediately after harvest; allocation is a normal part of the process in many campaigns; and paying upfront does involve cash flow, so claiming there are no cash flow advantages isn’t accurate.