After two years of shorter crops, is the bulk wine market finally moving towards some supply-demand balance? Meanwhile, US import tariffs and UK duty increases are back on the agenda.
California's grape harvest has slightly fallen below average due to a late-season heatwave that accelerated harvesting. At the same time, global bulk wine markets remain subdued amid uncertainties in Argentina and other regions.
Professor Simone Loose from Geisenheim University and Rafael del Rey from the Spanish Observatory of Wine Markets have launched their latest report, State of the International Wine Markets in 2023. Here are their most important findings.
Spain’s harvest volumes are lower than expected, with significant losses in the east. Meanwhile, prices for new campaigns are rising, while France and Italy see mixed trends in wine pricing.
Despite a steady global bulk wine market, a looming white wine shortage in Chile is driving prices up, with 2025 grape contracts already being signed at significantly higher rates.
The major Northern Hemisphere wine-grape harvests are now well underway. As is typical during harvest, the bulk wine and grape markets were quiet through August into early September.
It’s got a wine-growing history that dates back to the Roman world. It’s got more than 220 authorised grape varieties over 55,000 hectares of vineyards, and it’s one of the most exciting wine-growing countries in Europe.
b995.jpg "3000 trade visitors expected in Amsterdam (Photo: Vinexposium)")
