As every January, this month’s Ciatti Global Market Report looks back at the year just passed and ahead to the new one. If 2022 was characterised by rising annual inflation levels and a supply chain crisis, 2023 will be remembered for interest rates rises and slow buyer demand.
A year of flat or declining wine sales due to consumer pessimism draws to a close with bulk markets in December exhibiting the same slowness they have done throughout the previous eleven months. Transactions are, on most wines in most markets, incremental and price-sensitive.
The bulk wine market is the engine of the international wine trade. Felicity Carter caught up with Florian Ceschi from bulk broker Ciatti, and asked him to explain how the market works and what the current trends are.
The International Organisation of Vine & Wine (OIV) estimate that 2023 wine production will be 7% lower than the below-average volume of 2022, and it says, the lowest output since 1961. Does this tally with what we at Ciatti are hearing, and what should we make of it?
October has arrived but the Northern Hemisphere harvest picture still lacks clarity due to a patchy performance in Europe and a lag in California’s growing season by up to four weeks. What have we been hearing?
This year’s Northern Hemisphere harvests are now underway after an eventful growing season of heatwaves, humidity, hailstorms, flooding, and disease pressure. What does this all mean for the crops? Ciatti gives its assessment.
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.
