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.
There is a new twist in the recently exposed fraud scandal in Bordeaux: previously The Times reported that (several) managers of Celliers Vinicoles du Blayais had been involved in the fraud. The company has now denied this to our sister publication WEINWIRTSCHAFT.
A board of directors will now run Red Bull's business as founder’s son, Mark Mateschitz, becomes a shareholder. The Board consists of Franz Watzlawick (CEO Beverage Business), Alexander Kirchmayr (CFO) and Oliver Mintzlaff (CEO Corporate Projects and Investments).
Cost increases, inflation and numerous crises are shaping 2022, but so is the question of greater sustainability. How are Italian companies looking at the market?
World wine production in 2022 is again expected to be slightly below average. However, this does not apply to all regions. The differences between the individual wine-growing zones and countries are shown by the assessment just published by the International Organization of Vine and Wine (OIV). It forecasts volumes of between 257.5 and 262.3 million hl for world wine production in 2022.
Apart from its classic port, in many markets, Portuguese wines are considered a niche. Yet the country is exporting growing volumes of wine. A brief insight into the status quo.
Reading time: 30s
Advertorial
Flexitank from VinLog: The flexible solution for global wine transport
zimmer@meininger.deMon, 03/20/2023 - 18:26
When it comes to the global transport of wine or other beverages in bulk, VinLog, as Kuehne+Nagel's beverage specialist, is one of the top providers. With the flexitank, VinLog offers an extremely successful transport solution thanks to its cost efficiency, flexibility and individuality while also helping to reduce emissions of CO2. Horst Müller, the global head of VinLog, gives us the details here.
zimmer@meininger.de
Mon, 03/20/2023 - 18:26
Sponsored reports
