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 February 2020 bulk wine update shows that global bulk wine prices have decreased significantly since reaching a peak in mid-2018 following the low harvest in 2017
Australian bulk wine prices have been continuing to soften in the past 12 months, but the decline in prices for Australian bulk wine (particularly generic red) has been less than for most other producing countries.
See also the Global Wine Supply Monitor.
Source
Ciatti Global Market Reports – updated monthly.