Despite previous predictions of a global bulk wine shortage, it is currently a buyer’s market. Prices are fluctuating and buyers are only sourcing their immediate needs until harvests. Apart from Argentina and Chile, global supply provides good opportunities for buyers to source their needs competitively.
Argentina & Chile – Price High & Firm
Argentina and Chile continue to experience extreme temperatures as last year, and are only expected to yield slightly above last year’s harvest. Chile’s 2017 harvest is accounted for, and Argentina’s prices are expected to be high and firm.
California – Prices & Multi-Year Contracts on the Rise
Large winter snowfall is to benefit 2017’s harvest, and 2017 yields are expected to exceed 2016. The Cabernet Harvest is expected to surpass Chardonnay in volume, while the Petite Sirah will continue to be a favorite for high-quality blends. Although California’s EU exports have fallen in volume, exports have experienced a net value increase, reflecting the continued premiumization of California wine exports
Market Update, March 2017, by Turrentine Brokerage
Lodi Crops up for $10+ per Bottle Programs
Lodi Cabernet Sauvignon crop was up 28% in 2016. With improved vineyards and winemaking techniques, Lodi continues to increase is sourcing and is keeping the consumer market competitive.
March Bulk Wine Movement Slow
Grape markets are currently active, with many buyers hedging their purchases. As the bulk wine market has slowed, buyers and sellers aren’t motivated to move bulk wine at agreed upon prices.
Does Winery Wastewater Affect Vines, Grapes and wine?
It’s OK to Irrigate with Wastewater
UC Davis researchers conducted a study of two California vineyards to test the effect of using wastewater to irrigate vines. Over the 3-year study, the researchers concluded that the effects of treated wastewater “was not enough to influence quality.” To ensure consistency of quality in your grapes and wine, the study recommends testing the water before and after harvest and the soil at least every 3 years.
Extension Helps North Country Grow Grapes, Wine Community
Building Knowledge & Community in Northeaster NY & NH Wine Region
Cornell University’s horticulture extension program partnered with the University of Vermont’s Grape Program to bring together 47 vineyard and winery owners for the 2017 Northeastern New York and Vermont Grape School on March 9. The goal of the Grape School was not only to educate the wineries and vineyards, but to also build a community among the young, growing wine region. “In order for the cold-climate wine industry to have an economic impact, gain recognition and expand, our wineries need to continually strive to improve wine quality.”