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.
Recently-created resistant PIWI – ‘pioneering wine’ – grape varieties that take their name from the German term pilzwiderstandsfähig (fungus-resistant), are increasingly seen by viticulturists as a viable solution to emerging environmental and climatic challenges.
