The red wine market continues to be oversaturated, which in many places is leading to conversion measures in production to more white wine. Australia is also pushing down the overall market with low price levels for both reds and whites.
Following our coverage of the plight of Bordeaux producers looking to uproot vines, we have news of a Médoc chateau owner using recent and untried French legislation to sue two negociants for over €1m in what he claims are excessive profits on the wine he sold them. If he wins, what might this mean for others in the sector?
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.
The wine grape harvests in the Northern Hemisphere are winding down. Prices are relatively stable for the moment. The bulk market shows stable-to-softening pricing on many wines. Report by wine broker Christian Jungbluth.
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.
Tradition demands the participation of individuals who are dedicated to preserving it. For the Trentino winegrowers’ cooperative Mezzacorona, this involves safeguarding the indigenous grape varieties Teroldego and Marzemino, showcasing their qualities both as monovarietal wines and in blends.
