The sluggishness of the bulk wine market over the last three months or so in many producer countries is explained by inflation in key export markets, and possibly a lag in the shipping of wines that have already been purchased. Only some significantly smaller-than-average Northern Hemisphere crops are likely to stimulate buying activity. Report by wine broker Christian Jungbluth.

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According to the US Department of Agriculture's crop forecast, California is facing its third small crop in three years.

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It is a quiet bulk wine market worldwide, with the exception of Chile.

So far, neither the red wine glut nor the supply chain and shipping problems have had much impact on prices in the international bulk wine market.