February 13, 2015
California Market Report February 2015North Coast Overall the 2014 harvest will go down as one of the most bountiful in the history of Napa and Sonoma Counties. The last three years have produced historically large crops and that has gone a long way in replenishing some of the inventory in the market that had been depleted by the shorter 2010 and 2011 harvests. We continue to see average grape prices rise for most of the varieties in these areas with especially large jumps, 5-7 %, for Cabernet in Sonoma and Napa. The demand continues to be strong in Napa and Sonoma because case sales of wines over $15 per bottle has been strong for the last two years. There are some areas that are weaker than others though – with concerns centered on Chardonnay and Merlot. We believe the market is relatively balanced and that continued increased demand should work through the available inventory.
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