Spain’s bulk wine market is experiencing some unexpected price developments. While generic white wines are seeing a decline in prices in central Spain and Extremadura—where a significant portion of bulk wine is destined for Portugal—red wine prices are suddenly rising due to lower harvest volumes and a reported depletion of stock.
Industry insiders expect France to increase its purchases from Spain in the spring, which could drive up prices for both red and white wines. Meanwhile, the recent boycott by southern French supermarkets against Spanish wines is currently not considered to have a significant impact on the market.
In contrast, Italy is seeing price declines in most red wine categories, particularly where the new vintage is now entering the market. This has led to the peculiar situation where older vintages are trading at higher prices than the new release. However, rising prices have been noted in Puglia and Sicily, as well as for generic white wines and Pinot Grigio.
