Wine supplies continue to outstrip demand. Glenn Proctor of Ciatti and Jeff Bitter of Allied Grape Growers return to discuss the larger-than-(some)-expected 2025 California grape crush, the path to equilibrium in wine supply, and whether the costs of domestic production and competition from imports mean that every acre of wine grapes pulled out of production will never come back.
Topics covered in this discussion:
Relevant time stamps:
03:20 – The status of acreage rightsizing in California and the not-so-good fate of mothballed vineyards.
22:45 – The bulk wine market, demand, and the lack of demand for old vintage wine.
33:30 – The crush report and what it means for different regions and growers.
43:15 – The financialization of the wine industry and incentives to leave your growers out in the cold.
52:30 – Imports, the road to recovery, and the dark world the future could hold.
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