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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
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To: caww
PLEASE tell me what types of wine are best to cook meat with because I’ve botched every one I’ve tried!

Cook with the wines you like to drink. If you like the taste, you will like the taste in your food

Deep reds for beef, lighter whites for fish and chicken sauces

21 posted on 02/16/2020 5:26:56 PM PST by FatherofFive (Islam is EVIL and needs to be eradicated)
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To: BenLurkin; Daffynition; null and void
I heard it through the Grapevine.

They should resurrect these guys.

https://en.wikipedia.org/wiki/The_California_Raisins

22 posted on 02/16/2020 5:34:39 PM PST by Ezekiel (The pun is mightier than the s-word. Goy to the World!)
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To: Jamestown1630

I was trying to do dandelion once. We had enough dandelions, but you have to only take the petals & it got tiresome doing the collecting. Your FIL might’ve gotten part of the green stuff in there. The weirdest one we’ve done is banana, using dried banana chips & raisins. In the primary fermenter it smelled like sour milk. I almost tossed it, but decided to keep going. It gradually lost that smell & turned out to be an okay mild white wine. Didn’t taste much like bananas, though.


23 posted on 02/16/2020 5:36:20 PM PST by Twotone (While one may vote oneself into socialism one has to shoot oneself out of it.)
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; cardinal4; ColdOne; ...

24 posted on 02/16/2020 5:37:37 PM PST by SunkenCiv (Legalize ganja, keep the drug cartels in charge of our southern border, express surprise about wine.)
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To: BenLurkin
Don't tell the collective! They'll start running our buses on California wine!

Swedish Buses running on Spanish Wine!

25 posted on 02/16/2020 5:38:07 PM PST by Pete from Shawnee Mission
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To: All

Aldis has Winking Owl for $3.29 btl. A bargain.


26 posted on 02/16/2020 5:38:41 PM PST by BipolarBob (Joe Biden: "We can't let Trump keep on making America great".)
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To: BenLurkin

Hopefully this will turn Nasty’s vineyard belly-up.


27 posted on 02/16/2020 5:38:54 PM PST by E. Pluribus Unum (If you don't recognize that as sarcasm you are dumber than a bag of hammers.)
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To: BenLurkin

Strange. I read not long ago that GLO-BULL warming was destroying the grapes.


28 posted on 02/16/2020 5:39:10 PM PST by Ruy Dias de Bivar
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I can live with lower wine prices.


29 posted on 02/16/2020 5:40:04 PM PST by Rio
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To: Ezekiel; Daffynition; null and void

The Pips

https://www.youtube.com/watch?v=LdN27HzoyO4


30 posted on 02/16/2020 5:40:06 PM PST by BenLurkin (The above is not a statement of fact. It is either opinion or satire. Or both.)
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To: BenLurkin

Wasn’t it just last year when there was not going to be any more wine from there because the fired destroyed all the vineyards?

We lurch from one set of news to another.

Sensationalism is all that is able to feed the 24/7 news cycle.

Too much news.


31 posted on 02/16/2020 5:41:04 PM PST by Sequoyah101 (We are governed by the consent of the governed and we are fools for allowing it.)
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To: BenLurkin
Don't tell the "D" collective! They'll start running our buses on California wine!

Swedish Buses running on Spanish Wine!

32 posted on 02/16/2020 5:41:24 PM PST by Pete from Shawnee Mission
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To: BenLurkin

I love wine. And the cardboard boxes are great for magazine storage.


33 posted on 02/16/2020 5:44:27 PM PST by Rio
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To: BenLurkin

Growers were counting on expanding China sales.

But the ChiComs have been planting their own wine grapes. I wouldn’t be surprised to see China imports in lower end brands soon.


34 posted on 02/16/2020 5:46:05 PM PST by llevrok (I'm a Boomer rube. Deplorable and proud!)
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To: Twotone

One year, my SIL gave me a wine-making kit for Christmas. I followed the instructions precisely and scientifically, bottled it up, and drank it.

That stuff was like a dry Port - or harder. Gave me the only real ‘hangover’ that I’ve ever had.

I gave up on making it, and buy my wine - though I’d always rather have a Guinness :-)


35 posted on 02/16/2020 5:46:06 PM PST by Jamestown1630 ("A Republic, if you can keep it.")
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To: BenLurkin

I suspect This will impact the lower end of the market (under $30) and the mid range ($30 to $50). The high end wines and super high ends (above $100) will not be affected as much, as their grapes are both limited and often under long term contracts.


36 posted on 02/16/2020 5:51:16 PM PST by Michael.SF. (Youth, speed and energy can always be overcome with experience and treachery.)
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To: BenLurkin

Funny, thanks!


37 posted on 02/16/2020 5:52:17 PM PST by Ezekiel (The pun is mightier than the s-word. Goy to the World!)
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To: BenLurkin

Then quit making rotgut.


38 posted on 02/16/2020 5:58:50 PM PST by Bonemaker (invictus maneo)
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To: Michael.SF.; BenLurkin

I suspect that the wine spill of Rodney Strong wine into the Russian River a couple of weeks ago will have some small impact, 97,000 gallons worth!
A local super market has 40% off about every 4 weeks -——
That’s when I buy!


39 posted on 02/16/2020 6:00:14 PM PST by TaMoDee (The Pack will be back in 2020! Go Pack Go!!)
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To: BenLurkin

Which means I can stock up! Now... I just need this same scenario for bourbon.


40 posted on 02/16/2020 6:00:31 PM PST by softengine
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