Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Price of Wine Expected to Drop to Lowest Level in Years Due to California Grape Surplus
ktla ^ | 02/16/2020

Posted on 02/16/2020 4:58:36 PM PST by BenLurkin

Vineyards in Northern California began planting thousands of acres of new vines in 2016, and with more efficient harvesting methods, it has led to more bountiful harvests of grapes.

Having more grapes to make wine sounds good, but if there’s not enough demand to support increased production, the surplus grapes go to waste.

Jeff Bitter, president of Allied Grape Growers, told CNN that it’s possible for surplus grapes to make it to the secondary market, where they’re used for brandy or as grape concentrate. But that market doesn’t typically provide sustainable returns for growers.

“The main cause of oversupply today is the culmination of a few years of slowing wine shipment growth, with an ample 2018 wine grape crop as an exclamation point,” Bitter said. “Until 2015, wine shipments had grown, almost predictively, for two decades. The slowdown in growth has caught the industry by surprise.

“Since it takes up to five years to bring wine to market from the initial planning stages of planting a vineyard, it makes hitting future demand very complicated. In this case, we overshot demand.”

To bring the market back into balance, California growers will need to cut down on producing acres of vines.

“With flattening consumer demand for wine, unless vineyard acres are removed, balance will be difficult to find,” McMillan told CNN. “Balance will first be found in Napa, followed by other premium regions in California. It will take at least 2-3 years for grape pricing to stabilize.”

(Excerpt) Read more at ktla.com ...


TOPICS: Food
KEYWORDS: california; climatechange; globalwarming; grapes; grapesurplus; oenology; wildfires; wine; zymurgy
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-98 next last

1 posted on 02/16/2020 4:58:36 PM PST by BenLurkin
[ Post Reply | Private Reply | View Replies]

To: BenLurkin

Make more raisins and sell them as a health food supplement.


2 posted on 02/16/2020 5:00:47 PM PST by Sacajaweau
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

I use wine just for cooking. People ask me why I’m always cooking.


3 posted on 02/16/2020 5:01:29 PM PST by Sacajaweau
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sacajaweau

I often cook with wine. Sometimes I even add it to the food.

L


4 posted on 02/16/2020 5:03:17 PM PST by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: BenLurkin

I thought Chicken Noodle News reported that all the vineyards burned up because.....Trump.


5 posted on 02/16/2020 5:04:18 PM PST by headstamp 2 (There's a stairway to heaven, but there's also a highway to hell.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

I thought it would be just the OPPOSITE, what with the acreage destroyed by fires in the Napa Valley, etc. a few years back.

What do you know? Nature Can Survive!

Why are wine sales down? Because it’s not Keto? Liquor is Quicker? ;)


6 posted on 02/16/2020 5:04:27 PM PST by Diana in Wisconsin (I don't have 'hobbies.' I'm developing a robust post-Apocalyptic skill set.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sacajaweau

oh good.....PLEASE tell me what types of wine are best to cook meat with because I’ve botched every one I’ve tried!


7 posted on 02/16/2020 5:04:37 PM PST by caww
[ Post Reply | Private Reply | To 3 | View Replies]

To: BenLurkin

Odd...the new high tariffs on French wine have really killed them, so I’d expect Americans to take advantage of this to fill the market and ramp up their prices.

But I guess it depends on the wine. Perhaps high end wines are the only ones affected, so it wouldn’t have any effect on the bulk wine market.

I don’t think the French sent us much mid-shelf wine anyway. We get more (and much better) affordable wine from Spain.


8 posted on 02/16/2020 5:05:14 PM PST by livius
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

Any good names on the list?


9 posted on 02/16/2020 5:08:00 PM PST by sanjuanbob (Dems=Demons)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin
"Wine consumption has dropped for the first time in 25 years, with more Americans turning to liquor and ready-to-drink cocktails, according to industry group IWSR. “The industry should rightly be concerned,” McMillan said. “We aren’t engaging with the millennial consumer, and boomers who have driven wine sales for the last 30 years won’t live forever.”"

More for us old timers!

10 posted on 02/16/2020 5:10:38 PM PST by MV=PY (The Magic Question: Who's paying for it?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin
"Why are wine sales down?"

Opus One is too expensive?

11 posted on 02/16/2020 5:14:01 PM PST by Paladin2
[ Post Reply | Private Reply | To 6 | View Replies]

To: MV=PY

I’m in.


12 posted on 02/16/2020 5:14:04 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
[ Post Reply | Private Reply | To 10 | View Replies]

To: BenLurkin

State will raise taxes to keep things even.


13 posted on 02/16/2020 5:14:44 PM PST by SkyDancer ( ~ Just Consider Me A Random Fact Generator ~ Eat Sleep Fly Repeat ~)
[ Post Reply | Private Reply | To 1 | View Replies]

To: caww
Any kind of wine that you drink.

I even freeze it...it's really slush not solid...but for cooking...it's fine.

14 posted on 02/16/2020 5:17:34 PM PST by Sacajaweau
[ Post Reply | Private Reply | To 7 | View Replies]

To: BenLurkin

Turn ‘em into kits for home winemakers. I’d love to be able to go to a local vineyard & harvest real wine grapes. We make wine out of all kinds of fruit, but I’ve only had a chance to get real wine grapes once.


15 posted on 02/16/2020 5:19:29 PM PST by Twotone (While one may vote oneself into socialism one has to shoot oneself out of it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

One Buck Chuck?


16 posted on 02/16/2020 5:20:57 PM PST by bigbob (Trust Trump. Trust the Plan.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin

So two buck chuck will be one buck chuck?


17 posted on 02/16/2020 5:23:29 PM PST by Trump.Deplorable
[ Post Reply | Private Reply | To 1 | View Replies]

To: Twotone

My father-in-law used to make Dandelion Wine. I was intrigued, especially because of the association with the Ray Bradbury book.

But ot was nasty stuff.

(His berry wines were wonderful.)


18 posted on 02/16/2020 5:24:55 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
[ Post Reply | Private Reply | To 15 | View Replies]

To: BenLurkin

A cup for the pot, a cup for the cook...


19 posted on 02/16/2020 5:25:09 PM PST by Harmless Teddy Bear (A hero is a hero no matter what medal they give him. Likewise a schmuck is still a schmuck.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BenLurkin
"In this case, we overshot demand.”

Bottle it and let it sit for a few years. It's not like they're baking bread or somethin'.

20 posted on 02/16/2020 5:25:37 PM PST by Libloather (Why do climate change hoax deniers live in mansions on the beach?)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-98 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson