Spain and Italy are experiencing unusual bulk wine price trends. While Spanish red wine prices rise due to lower harvests, Italy sees declines, with older vintages trading higher than new ones. France's demand may shift the market.
Grape prices in Italy, particularly in Puglia, have fallen significantly, while Veneto Pinot Grigio prices are rising. Spain expects a strong harvest, while France anticipates a smaller crop than usual.
Full cellars and continuously low demand are driving down red wine prices in Europe. While there is still a surplus of some varieties, some remain scarce.
Weather conditions and market responses are creating a patchwork landscape across Europe's bulk wine regions. While some areas register minimal frost damage and long-awaited rainfall, others brace for potential price increases due to lower harvests elsewhere.
The picturesque Moselle Valley in Luxembourg is well known and firmly established as a preferred destination for discerning wine enthusiasts. Now – more and more – Crémant de Luxembourg is claiming a greater share of the spotlight.
