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 2022 Bulk Wine Monitor shows that global conditions have not improved for Australian wines in the past three months, based on Ciatti bulk wine offer prices. 

Australian bulk prices for red wine have continued a precipitous decline that started in late 2020 and has now seen the average offer high price for Shiraz, Cabernet Sauvignon and Merlot fall by over 50 per cent from A$ 1.50 in October 2020 to 0.70 c in October 2022. By comparison, the average winegrape price of the same varieties from inland wine regions in 2022 was around 60 c per litre, leaving very little margin for winemaking and transport costs.

White wine prices have also started to decline in line with softening global demand for whites as bulk wine buyers remain hesitant due to inflation and uncertainty in most markets.

Prices have also shown some softening for other countries, including Chile, Spain and South Africa.  As is the case for Australia, white wine prices are generally holding up better than red prices.

Source

Ciatti Global Market Reports – updated monthly.