November 17, 2014

GLOBAL MARKET UPDATE − NOVEMBER 2014 VOLUME 5 ISSUE NO. 11

The harvests have all come to an end in the Northern Hemisphere, and it looks as though
France has regained its position as the largest producer in the world. French growers looked to
have rebounded from disappointing volume results in 2013 with a much better looking crop in
2014. While all regions did not participate in the gain, as Languedoc notably did not have large
output, the French growers overall are feeling good about the size of the harvest. The second
factor allowing France to regain its status as top producer is the size of the harvest in Spain.
The Spanish harvest is down measurably from 2013, and this decrease in volume seems to have
helped balance the previous over‐supply situation. Quality and volume both seem to be an
issue in Italy, as adverse weather conditions have caused for a very difficult harvest in 2014.
California growers agree that the crop this year is a good one, but not nearly the size of the
record crop from the previous year.
Many producers in the Southern Hemisphere are now nearing the end of the frost season, and
despite some reports of frost, no major damage is expected from the larger production regions.
While it is still very early for harvest estimates, most areas are reporting normal growing
seasons thus far.
The bulk market continues to move forward, and many players will meet in Amsterdam in the
coming days. Please come visit the Ciatti stand at the show, and we look forward to seeing
those of you who will attend.

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CIATTI Global Wine & Grape Brokers
CIATTI Global Wine & Grape Brokers