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 March 2023 Bulk Wine Monitor shows that prices decreased from last month for Australian wines in March 2023, based on Ciatti bulk wine offer prices.

Australian bulk prices for the major red wine varieties have declined from around A$ 1.51 in March 2019 to A$ 0.71 in March 2023, as a result of the steep decline in demand for Australian red wine from China combined with the large 2021 vintage and a global softening in demand.

White wine prices have generally remained stable, with Chardonnay and Pinot Gris/Grigio at the same price in March 2023 as they were in March 2019. Sauvignon Blanc, Muscat and Generic White have all increased compared with four years ago, but only Sauvignon Blanc is higher now (A$ 1.75) than it was in March 2021 (A$ 1.30).

The decline in AUD over the past 12 months is less than in USD as the AUD/USD exchange rate has decreased over that time.

Source

Ciatti Global Market Reports – updated monthly.