(Decanter) - Chateau Lafite Rothschild has released its 2011 at €420 per bottle to the wine trade, a reduction of 30% on last year's price of €600.The wine will be €420 ex-negociant, and merchants will wait to announce their price until they are sure of their allocations. The ex-chateau price is €350. Merchants are still digesting the news but one or two have commented in pleased terms. An email from Farr Vintners read, ‘Welcome news on the pricing and let's hope that other chateaux follow this lead and allow us to sell at a lower price than we sell physical vintages.’