Bulk Wine Imports Sharply Rise in 2012

Dear Client:Global wine inventories are now at the lowest point of the past decade, says Rabobank in its most recent Wine Quarterly report. As a result, "the industry has moved closer to balance after many years of widespread oversupply pressures." In the US that translates to "very little domestic bulk wine available," and prices that have "increased dramatically," which has resulted in vineyard acquisitions, expansions and long-term contracts with growers. US imports showed "sharp increases" in the first four months