California's total grape harvest is estimated at 3.2 to 3.3m metric tons, slightly below the five-year average of 3.5m metric tons. The autumn season was marked by an unusually late heatwave in early October, which caused sugar levels to spike and compelled producers to harvest quickly. Overall, harvest forecasts from the Northern Hemisphere have not generated much activity in the global bulk wine market.
In Argentina, the bulk wine market remains stagnant until the late frost risk subsides around the end of November. Elsewhere, according to bulk wine brokers from Ciatti, it’s more a matter of hoping for a strong year-end business than truly expecting one.
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