News Wine 2023 Jul 20 / Comments

Smaller Harvests Impact the Bulk Wine Market

The 2023 vintage from Argentina enters the bulk wine market with a very low harvest. Prices are not as high as they should be due to the poor harvest.

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Source: Ciatti Global Wine & Grape Brokers, Global Market Update, Export Prices in €/hl
Source: Ciatti Global Wine & Grape Brokers, Global Market Update, Export Prices in €/hl

The overall economic situation is probably having an impact here in both Argentina and around the world. There is also a change of vintage for Sauvignon Blanc from New Zealand. However, 2022 bulk wine continues to be traded significantly cheaper than the new 2023, although the 2023 harvest turned out to be larger than expected. The price is therefore likely to fall here.

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Ciatti Global Bulk Wine & Grape Report
Bulk Wine
Wine Prices

 

 

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