Large crops, followed by challenging harvests across many winegrape producing regions, has resulted in decreasing supply, and increasing prices according to Marc Cuneo and Mike Needham of Turrentine Brokerage, who will co-present on the “Current State of the Grape and Bulk Wine Market” at the 21st Annual Vineyard Economics Seminar, set for Wednesday, May 25, 2016 in Napa, California at the Napa Valley Marriott.
The grape supply and demand issue is also an overriding theme within the annual Vineyard Economics Survey conducted by the Wine Industry Symposium Group which will also be presented by David Freed on May 25. The survey found that in 2016 supply is tight and demand is steady and strong, but in better balance than in recent past years. The Topics that Cuneo and Needham plan to cover will include:
- Vintage 2015 and reaction of inventory and demand on the grape and bulk markets.
- Detailed coverage of key varieties and trends
- Supply and demand dynamics in the global market.
- Growth in premium price wine category and the effect on winery sourcing
The Vineyard Economics Seminar is a popular annual event produced by the Wine Industry Symposium Group which provides an educational and enlightening full-day conference of sessions led by Wine Industry Experts and Wine Business Leaders with a focus upon the issues and economics of producing, growing and selling wine grapes.
The 2016 Vineyard Economics Seminar sponsors include: American Ag Credit; Bank of the West Commercial Banking; Burr Pilger Mayer, Inc. (BPM) Accountants and Consultants; Carle, Mackie, Power & Ross Attorneys; CoBank; Dickenson, Peatman and Fogarty; Farm Credit West; Moss Adams, LLP Certified Public Accountants / Business Consultants; PricewaterhouseCoopers. Media sponsors include: Vineyard & Winery Management; Wine Business Monthly and Wines & Vines (now including Practical Winery & Vineyard). For more information or to register visit www.WineSymposium.com.