All European bulk wine producing countries are under pressure after the short harvests of 2017. We are experiencing a sellers market, the prices and conditions are at large dictated by the wineries.
Despite the higher than average prices (some EURO0.30/litre more) the market for Spanish bulk wine is strong. The whole industry seems to be working over-time and Spain is current being drained on its short 2017 vintage. Do not expect prices to drop, if you are waiting for that you are making a mistake. At the same time, prices are not likely to rise either as we currently have reached the maximum price for many buyers.
Although big buyers might have problems with sourcing their full needs, smaller buyers still have a large variety of wines available. We have excellent bulk wines made from Bobal, Tempranillo, Merlot and Syrah. One of the benefits of working with a wine broker is that we know where to find what you’re looking for. Bulk wine always exists, the trouble is that it becomes more and more difficult to find.
1. Spain remains competitive in bulk wine
Despite the higher prices, Spain is still competitive on the world market. South Africa is experiencing a draught and the prices in Chile are still higher than Spain. Taken into account the shipping times from the new world, Spain is the most competitive bulk wine producer in the spring of 2018.
2. International varietal wine is sold out
Most Spanish wineries are sold out on international varietals such as Syrah, Chardonnay and Sauvignon Blanc. What still exists is big volumes of generic white and red. There is also generic rosé to be bought, but be quick. To achieve the best prices of these wines we always recommend buyers to either load the full quantity within a few months, or offer payment up-front.
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READ MORE: Why do you need a wine broker?