Bulk Wine Prices: Minimal Change

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. 

Source: Ciatti Global Wine & Grape Brokers, Global Market Update, export prices in EUR per hl based on June 21, 2022 exchange rates
Source: Ciatti Global Wine & Grape Brokers, Global Market Update, export prices in EUR per hl based on June 21, 2022 exchange rates

Only Australia's reds are losing out. Some of the major producers are now producing abroad to avoid the customs problems with China and to remain present on the market there, at least as a brand. In general, there seems to be a higher demand for white wines than for reds. California announces an increase in bulk wine prices for export, due to a contract dispute with West Coast dock workers, in addition to 8% inflation in the country.

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