As European legislators have moved to require ingredient and nutritional information on wine labels (or via a QR code), US consumer groups have fought to achieve the same objective. After nearly 20 years, it looks as though they have one their fight.
London-based wine exchange Liv-ex has released its latest Power 100 list of the strongest fine wine brands or producers. The list is based on the period from 1 October 2021 to 30 September 2022. Bordeaux is ousted from the top 10, the list is now dominated by Burgundy.
World wine production in 2022 is again expected to be slightly below average, with differences between the individual winegrowing zones and countries. The International Organisation of Vine and Wine (OIV) forecasts global production of between 257.5 and 262.3m. hl of wine and must in 2022. There will be regional differences in harvest volumes, but the market surplus will remain (see HERE). Vincent Messmer reports.
As 2022 draws to a close, most grapes have been harvested, except for a few late-maturing exceptions. Despite below-average quantities overall, the surplus remains a problem.
Already at the beginning of the harvest, the President of the Austrian Winegrowers' Association, Johannes Schmuckenschlager, had forecast a promising vintage with a slightly below-average harvest quantity.
Winegrowers satisfied with quantity and quality: According to the latest estimates of 24 October, about 9m hl of wine and must were harvested in the Germany in 2022, about 2% more than the 10-year average and 6% more than in the previous year.
The latest harvest estimates on 1 October confirmed production of 44.6m hl. Compared to the very small 2021 crop, this means an increase of 18% - close to the 5-year average.
Spain seems to have got off lightly once again. The rainfall at the beginning of mid-September spared most appellations, particularly in the north. At the beginning of September, forecasts were still predicting a historically small harvest.
LVMH Moët Hennessy - Louis Vuitton is facing problems of availability for its top brands, the Guardian reported, citing a television interview by LVMH CEO Philippe Schaus with Bloomberg Television.
The global bulk wine market continues to proceed incrementally amid economic fears, though there have been some good early activity levels on specific 2022 whites in specific locations where 2021 carryover was short. Report by wine broker Christian Jungbluth from Ciatti.
