Global wine inventories appear to be balanced, according to the latest wine report from Rabobank - but the report warns of variations in supply between the premium and generic ends.
The Australian wine market is becoming increasingly polarised as many bulk grape producers and grape wine growers appear to be on the brink of collapse, while premium wine producers seem to be growing in both value and volume.
Treasury Wine Estate is considering selling some of its wine processing infrastructure in Australia to free up resources to invest in its brands.
Australian Vintage is pulling back from bulk wine sales in the UK to focus on its core branded range as prices sink.
Wine shipments in and out of California face further delays as the labour dispute between port workers and their employers steps up a gear with vessel operations suspended over the upcoming long weekend.
Marks & Spencer will use a UK firm for the first time for its New World bulk wine bottling, after striking a deal with Manchester’s Kingsland.
California’s grape crush for 2014 hit 3.91 million tonnes, showing a “healthy decline” of 340,000 tonnes on the previous year, however the “ample inventories” of 2012 and 2013 means finding buyers for wine will be a challenge.
California produced a “shed-load” of wine – 4 million tonnes – in the chronic drought conditions of 2014, which will lead to an inventory surplus, a top bulk broker has warned.
Neil Anderson, marketing director at Kingsland, considers how and why brands need to think more about consumers for the year ahead, and reckons companies should be looking to those outside the category for inspiration.
In the first of our annual reviews of the year for the festive period, we ask Daniel Murphy, founder of bulk wine broker Murphy Wine Company, to look back on 2014 and assess what he sees as the big challenges for the sector in to 2015. In a nutshell he believes few in the trade have really grasped the impact of a sea change in world wine production, nor of the potential for bulk wine in the UK.