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 May 2022 bulk wine update shows that global conditions have not improved for Australian wines in the past month, based on Ciatti bulk wine offer prices, except for Sauvignon Blanc. Prices are holding up better in AUD than in USD as the AUD has declined in the past 12 months from around 0.776 in May 2021 to 0.693 in May 2022. This gives Australian wine exporters a relative advantage compared with 12 months ago.

Australian bulk wine prices continue to show a strong price differential between red and white varieties on the global market. The bulk wine offer prices for all major red varieties, including previously strong generic red, are much lower than in any of the past 4 years in the same month (May), whereas the whites have all held up well against previous years, while Sauvignon Blanc is at its highest ever reported value. Sauvignon Blanc from the 2022 vintage came onto the global market for the first time in May, after being unavailable for the several months.

Source

Ciatti Global Market Reports – updated monthly.