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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.
Whether you're mid-recipe and can't find the cooking sherry in the cupboard or just want to avoid its alcohol and high sodium content, you do have suitable substitutes for the fortified wine. Sherry has a nutty, rich flavor and is commonly used in soups, stews and Asian cuisines.