The ongoing dispute between Australia and its longstanding trade partner is creating unprecedented opportunities for competing nations to increase their market share, according to Rabobank’s Q4 Wine Quarterly report.
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Rosé, Pinot Gris and Pinot Noir are among a slew of ‘alternative’ varieties and styles notching up a greater share of New Zealand’s collective wine exports, as “international appetite grows to expand the range”.
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With Europe poised to deliver a vintage shortfall, Andrew Catchpole talks to Rabobank strategist Stephen Rannekleiv about the positive effect for brand builders of a general tightening of global supply
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Rabobank’s Q3 Wine Report has revealed that global wine inventories are in the main “balanced to slightly tight”, while bulk wine prices for most varietals are “stable or rising”, with 2017 hail and frost damage in European vineyards likely to further impact on these continuing trends when set against a coming shortfall in this year’s northern vintage.
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