Bulk wine monitor
The Bulk Wine Monitor is a one-page at-a-glance summary, which provides grapegrowers and winemakers with an indication of supply and demand for commercial wine on the global market, and the competitiveness of Australian wine. The report summarises global prices for bulk wine from Australia and other countries. Bulk wine prices are taken from the Ciatti Global Market reports published monthly.
The report includes:
- Monthly trend in Australian bulk wine prices over the past 2 years by variety
- Comparisons of price for the same month over the past 5 years
- Comparison of average bulk wine prices by country for the latest month
- Comparison of change in bulk wine price for Australian wine between AUD and USD
Varieties include: Shiraz (Syrah), Cabernet Sauvignon, Merlot, generic red, Chardonnay, Sauvignon Blanc, Pinot Gris/Grigio and generic white.
The report is updated monthly and published quarterly. Intervening month reports are available on request.
Report summary
The June 2024 Bulk Wine Monitor shows that there was a slight decrease in prices[1] from last month for Australian wines in June 2024, based on Ciatti bulk wine offer prices.
Australian bulk prices for the major red wine varieties have started to trend upward, reaching A$ 0.71 in June 2024, following four years of decline.
However, Australia continues to record the lowest bulk prices by country for generic red at 40 cents (USD) and Shiraz / Cabernet Sauvignon / Merlot at 47 cents (USD).
On the other hand, white wine prices were less positive, with Chardonnay (down 7 per cent) and Sauvignon Blanc (down 15 per cent), whereas generic white and Pinot Gris/Grigio were flat over the same period.
The year-on-year decline in offer price in AUD is less than in USD as the AUD/USD exchange rate has decreased over that time.
Source
Ciatti Global Market Reports – updated monthly.