The California Department of Food and Agriculture’s Final Grape Crush Report for 2018 is a barometer for the wine and grape industry, containing prices and tons of wine grapes crushed during the 2018 harvest. The Crush Report provides growers and wineries insight into the inventory position for the California wine business as a whole, and influences market dynamics for the current bulk wine market as well as the upcoming 2019 harvest.
CONTACT:
- Steve Fredricks, President / Partner: (415) 847-0603: specialty: grapes and bulk wine throughout California and around the world
- Brian Clements, Vice President / Partner: (707) 495-8151: specialty: grapes throughout California, especially Napa, Sonoma, Mendocino and Lake Counties
- Erica Moyer, Broker / Partner: (209) 988-7334: specialty: grapes from the San Joaquin and Sacramento Valleys and the Central Coast
- Audra Cooper, Broker / Partner: (805) 400-9930: specialty: grapes from the Central Coast
- Mike Needham, Broker / Partner: (707) 849-4337: specialty: grapes from the North Coast
WHEN: CDFA is scheduled to release the Grape Crush Report at noon on Wednesday, April 10, 2019.
ANALYSIS: The April 10th release will be the only Crush Report distributed for the 2018 crop. A very mild summer led to larger than average yields per acre, particularly in the coast, and likely led to a record 2018 crop. The crop, paired with slowing retail sales, led to lower contract prices for grapes from many areas of the state later in the year, and we will analyze the decrease in district average prices. The industry has moved past this harvest in many ways due to the delayed release, but we will more clearly understand the degree of excess by variety and region once the report is released.
WHO: With over 45 years of wine industry experience, Turrentine Brokerage, California’s largest wine grape and bulk wine brokerage company, has a team dedicated to be trusted and strategic advisors to wineries, growers and financiers. Turrentine Brokerage is available to provide comment and analysis on this report and its probable impact on growers, wineries and consumers.
Turrentine Brokerage will have its experienced team of grape and wine brokers and analysts available all-day Wednesday, and throughout the week for comments and questions.
