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Ciatti's Global Bulk Wine Market Report October 2018

October 18, 2018

The 2018 harvests in Europe are winding down and crush estimates are ratcheting up: now at 46.7 million hectolitres for France, 48-plus million hectolitres for Spain, while northern Italy's crush is also expected to be big. With Spain and Italy vying to be most competitive on generics, prices across the board are trending downward. The picture on quality is more complicated, with spring mildew, intense midsummer heat and lower than normal late season temperatures inhibiting alcohol levels and, on the reds, color.