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Ciatti's California Report August 2019

August 19, 2019

"...It's a very tough market for grape suppliers right now. Bulk wine activity also continues very sluggishly. With the new vintage imminent, bulk wine inventories remain backed-up - both with growers who have custom crushed and at wineries - and price cutting is taking place in a bid to move it. However, there is little demand, making price reductions irrelevant, however significant they may be. This is leading to storage pressure ..."