Rabobank and Ciatti report positive global activity for wine sector

Global trade activity rises

US wine imports, which continue to grow due to the strong US dollar, are up by 5 per cent in volume and 2 per cent by value, according to the Global Sector Update from Rabobank. Also increasing the level of global trade is the dramatic increase in Chinese imports. The Southern Hemisphere vintage looks to be a lighter crop overall due to significant falls in production in Chile, Argentina and South Africa. The report also includes a discussion on New Zealand’s success and how smaller wineries are finding it harder to fight for shelf space.

Bulk prices increase for Australia

This month’s Ciatti world report reveals that bulk pricing for Australia and New Zealand is trending upwards for white varieties as well as dry red. This follows a global trend that started in late 2015. Sales of bulk wine in North America are strong and moving at a faster pace than Europe.