Published: Sunday, April 28, 2013 at 4:00 a.m.
Last Modified: Friday, April 26, 2013 at 7:40 p.m.
Rabobank report examines wine inventories
Rabobank has published a report on the global wine industry stating the impact of tighter global wine inventories has mainly been felt in Europe and in the lowest price segments.
The Northern Hemisphere harvest of 2012 was mixed, with production increasing more than 20 percent in the U.S. and declining 10 percent in Europe. The price of bulk wine in France and Spain rose significantly toward the end of 2012, as it became clear that inventories had tightened and the coming harvest would be light, the report said.
“With rising prices and tighter inventories in Europe, a key question for the industry is whether the traditional buyers of European bulk wine — such as other EU countries, Russia and China — will accept higher prices, move to seek lower quality sources of supply, or simply reduce bulk wine purchases because consumers will not accept higher prices for wine,” said Stephen Rannekleiv, Rabobank wine industry analyst.
For more information visit www.rabobank.com/f&a.
Registration opens for North Coast Wine Industry Expo
Registration is open for the 2013 North Coast Wine Industry Expo, organized by Wine Industry Network.
The event will be held at the Sonoma County Fairgrounds on Dec. 5.
The inaugural event in 2012 attracted more than 2,000 people and attendance is expected to increase this year, said George Christie, president of the Wine Industry Network.
“In our first year, booths sold out almost immediately and we knew we needed to find a way to accommodate the growing interest,” Christie said in a statement.
More than 300 suppliers are expected to exhibit, Christie said. For more information visit www.wineindustryexpo.com.
Jackson Family Wines lauded for green programs
Jackson Family Wines was named 2013 Green Company of the Year by “the drinks business,” a trade publication based in Europe.
“From pioneering hi-tech energy management systems to implementing simple ideas such as nesting boxes, Jackson demonstrated all the investment clout of a large company combined with the inventive enthusiasm usually associated with smaller operations,” the drinks business staff wrote.
“My family and I are honored to receive this award from the drinks business, especially considering the efforts of other wine companies worldwide,” Barbara Banke, chairman and proprietor of Jackson Family Wines, said in a news release.
The California Sustainable Winegrowing Alliance also was recognized for its work convincing growers to sign up for certification schemes that require self-assessments.
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