2023 Wine Grape Crop Bigger than Needed or Expected

Dear Client: The Thanksgiving holiday is now behind us and so is the 2023 wine grape harvest.  This year's California wine grape harvest was "large and late," said The Ciatti Company partner Glenn Proctor at the recent Wine Industry Financial Symposium. Glenn estimated the statewide grape crush will total about 3.5 million to 3.6 million tons.  Note, California produces about 80% of the country's wine, with about 615,000 vineyard acres. Discussing the state of grape supply, Glenn said that "supply