News 2024 Jan 29 / Comments

Bulk Wine: Dragging Market

The new year has started slow. Will it stay that way?

Reading time: 30s

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

In their December report, the bulk wine brokers at Ciatti suggest that the international bulk wine market is dragging "the same sluggishness of the past 11 months" into the new year. In fact, prices are virtually unchanged - apart from minimal exchange rate fluctuations - and business at the end of the year seems to have petered out rather than set off a New Year's Eve rocket. But now 2024 is here -  with new challenges and new hope. May the snail become the hare.

Many distributors and retailers were still working through wine inventories (Photo generated by OpenAI's DALL-E, based on a description provided by Anja Zimmer)
News Wine

Ciatti Report: Dynamics in the Bulk Wine Market

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.

Reading time: 1m 45s

Tags
Ciatti Global Bulk Wine & Grape Report
Bulk Wine

 

 

Latest Articles

 

Advertorial

Bachgarteln, Wachau Niederösterreich (Photo: ÖWM/Robert Herbst)
Sponsored reports 2024 Aug 26

Niederösterreich: Wine From River Valleys and Historic Sites

Niederösterreich, Austria’s largest wine-growing area, consists of eight independent quality regions designated as DACs, or Districtus Austriae Controllatus. They stretch in close proximity to one another, often taking their names from their own distinctive landscapes.

Reading time: 2m 15s

 

Insights