Rising fuel prices compound market hesitancy The sluggishness of activity on the bulk wine market globally since the turn of the year continued through March into early April, with hesitancy compounded by a rise in fuel prices – by approximately 30%+ in most countries – as a consequence of the conflict in the Middle East. Prices spiked amid the Southern Hemisphere harvests, directly impacting the picking of at least one: this month’s report provides the latest insights from the vineyards. As this month’s California page states, the Iran war is likely to compound some pre-existing consumer pessimism, “with upward pressure on fuel costs exacerbating the reduced spending power consumers have possessed since the 2021-23 post-pandemic inflation spike. Unlike in previous eras when there has been economic misfortune, consumers are pessimistic about the long term – not just the short or medium term – and could curb spending accordingly”. Not wha

Looking back over a challenging 2024 and ahead to 2025 This month’s California Report looks back at the year just passed and ahead to the new one: Read on below for an in-depth review of the bulk wine and grape markets in 2024, as well as bulk inventory charts for a range of periods and an updated bulk/grape market activity barometer. A Q&A with Ciatti broker Johnny Leonardo, discussing the current market situation, will be published in the coming days, together with the first packaging bulletin of the year from our friends at Saxco. For California’s wine industry, the year 2024 was defined by a painful but necessary right-sizing as the industry evolves into one better suited to delivering to the US market something like 350 million 9-liter cases of wine per year instead of the 400 million cases of the past. Rationalization of businesses and vineyard area took greater hold – there was a marked rise in wine-related property on the real-estate market and a shortage

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Vanessa Robledo’s Vintner’s Diary Rosé to Be Featured at Bottlerock Napa Valley

Wine Company Owned by Three Generations of Latina Women Gets a Chance to Shine NAPA, California (April 4, 2024)—Vanessa Robledo has secured a coveted spot for her Vintner’s Diary Rosé at this year’s BottleRock […]

Afternoon Brief, August 10th

Santa Barbara Commandeers and Destroys Illegally Submerged Wine Bottles; Perpetrators Accept Plea Deal: Santa Barbara County District Attorney's Office announced Wednesday that, in accordance with a plea agreement, it destroyed 2,000 bottles of wine and other alcohol illegally possessed for sale in connection with an illegal underwater wine aging and sale operation...

Afternoon Brief, July 27th

Do We Need New Grape Varieties?: University of California, Davis experts recently examined the question...