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 September 2024 Bulk Wine Monitor shows that prices[1] stayed relatively flat from last month for Australian wines in September 2024, based on Ciatti bulk wine offer prices.
Over a longer timeline, Australian bulk prices for the major red wine varieties have started to trend upward from March this year, reaching A$ 0.75 in June 2024, following four years of decline.
However, Australia continues to record the lowest bulk prices by country for generic red at 41 cents (USD) and Shiraz / Cabernet Sauvignon / Merlot at 51 cents (USD).
On the other hand, white wine prices were less positive, with Chardonnay (down 4 per cent), Sauvignon Blanc (down 12 per cent), generic white and Pinot Gris/Grigio (down 1 per cent) since September 2023.
The year-on-year increase in offer price in USD is higher than in AUD as the AUD/USD exchange rate has increased over that time.
Source
Ciatti Global Market Reports – updated monthly.