The global bulk wine market heads into the second quarter of 2024 seemingly more fluid than it has been for months, with some good activity levels on particular wines, some price rises, some price falls, and some supply shortages.
Two merchants in France were penalized for purchasing bulk wine from producer Rémi Lacombe at prices below the production cost, establishing a significant legal precedent.
The global bulk wine market was relatively active in the first six weeks of the year compared to the slowness of the second half of 2023. Where has the activity occurred and what is the latest news from the Southern Hemisphere’s vineyards, where harvesting is getting underway?
South Africa's wine exports experienced a 17% decrease in 2023. However, in terms of export value, they held their ground, remaining affordable for international buyers.
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.
