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 Annual Bulk Wine Fair in Amsterdam has grown to become one of the main events on the wine calendar - despite, or perhaps thanks to, its down-to-earth ambience.
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.
Well into August, the past 4-6 weeks on the bulk market in many producer countries were as slow, even for what is a traditionally slow time of the year when Europe and North America are on summer holiday. Some already-acquired wines are popping back up again on the market as unexpected inventory; these are sometimes picked up quickly by an alternative buyer, sometimes not. An outlook by winebroker Angelo Cotrone.
Bulk wine and grape markets around the world are currently on the quiet side. Consumers are suspected to pull back due to inflation levels, which is also cause for hesitancy amongst buyers. An outlook by wine broker Angelo Cotrone.
A year on, COVID-19 already feels like something of the past in many countries, but the shock it gave global business – subsequently compounded by the outbreak of the Russia-Ukraine conflict this March – is still being felt and has ensured that, although pulling clear of the pandemic itself, 2022 is another year far from the old normal. An outlook by winebroker Angelo Cotrone.
At the first ProWein trade fair in three years, the wine industry was experiencing – like every other industry – inflationary costs, a global supply chain crisis and a shortage of dry goods. It is undoubtedly a difficult environment in which to do business, and fairs like ProWein can provide an important opportunity to gain clearer visibility of market pitfalls and find solutions face-to-face. An outlook by winebroker Angelo Cotrone.
Shipping and input cost challenges continue to intensify and are – again – the common issues discussed throughout Ciatti’s Global Report this month, as they are a significant impediment to doing business in most markets. The wine industry, like all global industries, has grown via affordable freight and energy, but these can no longer be taken for granted. An outlook by winebroker Angelo Cotrone.
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.
