The bulk wine update 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:
- Australian bulk wine prices for the latest month by variety
- Comparisons of price for the same month over the past 3-4 years
- Commentary and context on the main trends
Varieties include: Shiraz (Syrah), Cabernet Sauvignon, Merlot, generic red, Chardonnay, Sauvignon Blanc, Pinot Gris/Grigio and generic white.
The report is updated quarterly.
Report summary
The December 2020 bulk wine update shows that Australian bulk wine prices for red varieties have softened in December 2020 compared with a year ago, while white varieties particularly Chardonnay have shown a recent uptick in prices, reflecting strong demand and global shortages of white varieties.
The strengthening Australian dollar compared with the US dollar has eroded price increases and exacerbated price decreases.
See also the Global Wine Supply Monitor.
Source
Ciatti Global Market Reports – updated monthly.