It’s harvest time in the Northern Hemisphere, and early estimates compared to the previous year are beginning to be reported. The overall European harvest looks like it will be down, as Spain and Italy are both looking to take a step back from strong 2013 results. Predictions are for a lower than average crop in Italy, with some serious quality concerns.  Spain is expecting a crop of average size, after the huge crop last year. France looks to be having a larger crop that least year, near the historical average. Most estimates have the California crop coming in smaller than last year, but perhaps similar to the 2012 crop. The drought in California does not appear to have had a major effect on this years’ crop, but many fear that continuing lack of rainfall could have a large impact on 2015 results.

In the Southern Hemisphere, Argentine suppliers continue to struggle with difficult economic conditions.  Opportunities for varietals like Malbec have increased, but the outside economic influence has many concerned about the future.  New Zealand suppliers continue to enjoy strong world‐wide demand, and it seems that supply will allow for an increase in sales.  All eyes in Australia are on the unfolding story at Treasury Wine Estates, as multiple bidders attempt to purchase the company. 

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