Producers in much of the Southern Hemisphere are now in the last stage of their 2014 harvests. Reports remain unchanged out of Argentina and Chile, with both countries reporting substantial decreases in output from the previous year. Australia also looks to be slightly down, however, New Zealand producers continue to expect larger numbers than last year. South Africa is holding steady with reports for an average sized crop and good quality in most regions.

The bulk market in the Northern Hemisphere continues to be varied, based on region. Spanish suppliers are struggling under the weight of very heavy supply. Spanish pricing has continued to drop over the past month, with many expecting further declines in May and June. Conversely, the French market is quite strong with limited supply, especially for white and rose wines. California producers are looking towards the 2014 harvest, and production capacity seems to be the greatest concern at this time.

The annual ProWeinshow in Germany was once again a very well attended and successful wine fair. More than 48,000 wine professionals visited the show, and most of the 4,830 exhibitors had very active stands. Bulk wine buyers were active during the event, with many transactions being finalized over the three-day period. The Ciattistand was busy, and we thank all of you that were able to visit us this year. We look forward to seeing many of you again in London in June.

Full World Report April 2014 & Ciatti Bulk Wine Pricing, April 2014