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Sherry is an enriched wine, which increases its longevity. Still, once opened, the flavor quickly dissipates. An unopened bottle of sherry stored in a dark, cool place will stay fresh for 12 months. Once opened, cork the bottle tightly and store it in the refrigerator for one to three weeks, but no longer than a month.
Since the recipe says specifically to use sherry there's also a reason to not use simple fruit juice because of the flavor and tenderness the recipe wants to acquire. Ad As a sherry substitute you can use just about any type of wine or you can use red wine vinegar with 1 teaspoon of sugar or you can use white wine vinegar. You can also use cooking wines or cooking sherry's, but because cooking wine and sherry use salt as it's preservative you'll want to reduce or ditch the salt in the recipe for health sake.