A hail storm has devastated over 3,000 hectares of vineyards in Burgundy, stretching from Nuits-Saint-Georges to Maçon.

The storm, which lasted less than ten minutes over the weekend, has resulted in a production and revenue loss of 100,000 hectolitres and EUR75m (US$102.5m) respectively, according to the Confédération des Appellations et des Vignerons de Bourgogne (CAVB).

Initial estimates from one estate, Joseph Voillot, point to between 40% and 80% of the crop for prestigious appellations such as Volnay, Pommard and Beaune being affected by the hailstorm, while other crus such as Corton, Puligny-Montrachet and Auxey-Duresses are braced for significantly lower-than-expected harvests.

Only 30% of growers are thought to be insured for hailstorms.

A similar meteorological episode struck the region's vineyards a year ago. Largely due to severe weather, Burgundy vineyards have yielded small harvests in three out of the past four years, leading to pressure on stocks and triggering a sharp dip in exports and a hike in prices.