Bulk wine monitor
The Bulk Wine Monitor is a one-page at-a-glance summary, which provides grapegrowers and winemakers with an indication of supply and demand for commercial wine on the global market, and the competitiveness of Australian wine. The report summarises global prices for bulk wine from Australia and other countries. Bulk wine prices are taken from the Ciatti Global Market reports published monthly.
The report includes:
- Monthly trend in Australian bulk wine prices over the past 2 years by variety
- Comparisons of price for the same month over the past 5 years
- Comparison of average bulk wine prices by country for the latest month
- Comparison of change in bulk wine price for Australian wine between AUD and USD
Varieties include: Shiraz (Syrah), Cabernet Sauvignon, Merlot, generic red, Chardonnay, Sauvignon Blanc, Pinot Gris/Grigio and generic white.
The report is updated monthly and published quarterly. Intervening month reports are available on request.
Report summary
The October 2023 Bulk Wine Monitor shows that there was a slight decrease in prices from last month for Australian wines in October 2023, based on Ciatti bulk wine offer prices.
Australian bulk prices for the major red wine varieties have declined from around A$ 1.64 in October 2019 to A$ 0.62 in October 2023, as a result of the steep decline in demand for Australian red wine from China combined with the large 2021 vintage and a global softening in demand.
On the other hand, white wine prices were varied, with Sauvignon Blanc (up 23 per cent) and Chardonnay (up 9 per cent) the only white varieties to have increased over the same period.
The year-on-year decline in offer price in AUD is greater than in USD as the AUD/USD exchange rate has increased over that time.
Source
Ciatti Global Market Reports – updated monthly.