Industry News Update | 5-18-17

Global Market Report, May2017, by Ciatti Global Wine & Grape Brokers

Europe Hit by Late April Frosts

Most growing regions in France and many in Spain and Italy will sustain losses. The effect on harvests is too soon to be determined, but, considering low harvests in Argentina and Chile, will likely firm up global prices.

Regional Competition Moves Global

Many regional varietals are now seeing global competition emerge on price and quantity. Bulk wine buyers are likely to find greater flexibility when sourcing varietal bulk wines.

California Harvest on Target and Looking Healthy

California harvest is likely to escape frost this year. Early and white varieties look healthy in North Coast and average in Lodi and San Joaquin. The 2017 grape market is tight, with most harvests pre-contracted. There will likely be a good market for spot deals as harvest nears.

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Market Update, April 2017, by Turrentine Brokerage

Prowein & International Update

Though global harvests are still lower than average, global and California supply is more in balance. Global competition increases as international producers evolve wine style to attract U.S. consumer preferences. Global producers are looking for buyers willing to pay higher prices for high quality wine.

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Is Glyphosate in Vineyards Dangerous?

Glyphosate—Safe Herbicide for Vines and People

The Napa County Agricultural Commissioner’s office and the University of California Cooperative Extension investigated the safety of using herbicide, Glyphosate, and the risk of Glyphosate traces in wine. A UC Davis toxicologists concluded that though many crops are treated with the weed controller, crops are only exposed to a very low amount harmless to the crop itself and to those who could be exposed to it. Eye contact with the herbicide is the only known danger and exposure through traces in wine is of no health concern.

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Spring 2017 Weather and Climate Summary and Forecast

Wet and Cool Conditions to Continue

Though the Pacific Northwest experienced cooler temperatures and endless wet conditions, vineyards escaped frost. Looking ahead, forecasts predict cooler and wetter conditions than normal through mid-May, and average West Coast precipitation (seasonally dry) over the next 90 days.

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