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 July 2021 bulk wine update shows that Australian bulk wine prices for red varieties have softened significantly in July 2021 compared with a year ago, while white varieties particularly Sauvignon Blanc have generally increased or remained at a similar price, reflecting strong demand and global shortages of white varieties.
Generally, the declines in reds are larger and the increases in whites are smaller when looked at in AUD than in USD, as the AUD has strengthened since the same month in 2020 and 2019. When compared in USD, all the white varieties showed increases except Pinot Gris/Grigio.
Australia’s bulk wine prices have also fallen on the global wine market compared with those of other countries.
See also the Global Wine Supply Monitor.
Source
Ciatti Global Market Reports – updated monthly.