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California crop hits all-time high in 2012 - what are the implications for bulk imports?

February 15, 2013

Ciatti estimates that approximately 40 million equivalent cases were imported in bulk in 2012, partly on the back of grape price increases sparked by the US shortage. Although grape prices continued to rise upwards of 20 percent for the 2012 crop in many areas of California, eventually the larger crop and inventories should push the bulk wine market pricing down from the highs of last year, says Ciatti.