Category: Wine Economics

Italian Grape Prices Are Now Listed Online

The Unione Italiano Vini (UIV), in collaboration with the Association of Wine Commissaries (MEd.&A.), has set up an online service showing trends in grape pricing. Just in time for the harvest season, the Osservatorio provides daily average quotations for 15 key grape varieties (in English and Italian).

This information is available via a free trial, but the paid subscription offers a much broader range of data including weekly prices for 450 varieties of wine and must, stretching back over a decade, as well as information on global trends.

Website:

https://www.osservatoriodelvino.it/uve/medea

 

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Portuguese Wine Exports Increase H1

Exports of Portuguese wines increased by 14.5 % in volume and 19.3 % in value, during the first six months of 2021, reaching almost €436 million.

“Portuguese wine exports had very positive behavior in the first half of 2021, registering a remarkable increase, both in value and in quantity, when compared to the same period of 2020: 14.5 % in volume, 19.3 % in value and 4.2 % in average price”, stated the Ministry of Agriculture.

Between January and June, Portuguese wine exports stood at €435.6 million, €70.5 million more than last year.

With regards to the community market, exports advanced 14.6 % in volume and 19 % in value in the first half of the year, while the average price grew by 3.8 %.

In turn, exports to third countries increased 14.4 % in volume and 19.6 % in value until June, compared to the same period in 2020.

France, United States, United Kingdom, Brazil and Germany were the most important markets during this period.

According to data from the National Institute of Statistics (INE), quoted by the Ministry of Agriculture, the agri-food complex grew 8.4 % in the first semester, compared to the same period of 2020.

“This is another sign of the sector’s resilience and capacity to adapt to the situation of a serious health crisis that we are still going through. The Ministry of Agriculture has always been on the side of producers and companies, with the necessary measures to guarantee predictability and stability in this period of greater uncertainty”, said the Minister of Agriculture, Maria do Céu Antunes.

#wine #winenews #wineeconomics #winelovers #portugal #Portuguesewine #instawine #winesofportugal #wineexports #vinho #vinhoverde #whitewine #redwine

Top 10 Countries that Imported Wine In 2020

The top 10 import countries of wine under the HS code 2204 are United States, United Kingdom, Germany, Canada, China, Japan, Netherlands, Switzerland, Russia, and Belgium.

Ranking Top 10 import countries of wine for 2020

United States: US$ 5,884 million
United Kingdom: US$ 4,397 million
Germany: US$ 2,949 million
Canada: US$ 1,974 million
China: US$ 1,827 million
Japan: US$ 1,566 million
Netherlands: US$ 1,482 million
Switzerland: US$ 1,240 million
Russia: US$ 1,093 million
Belgium: US$ 1,050 million

Source Garay Company

 

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Chile in the process of setting up an “Organic Wine Growers’ Association”

A group of Chilean wineries are forming an association to promote organic wine due to the post-pandemic upsurge.

News of the impending organization came during an interview with Jaime Valderrama, who is the managing director of Viña Miguel Torres Chile.

The group of six wineries will be collaborating to promote organic wine from Chile, and that the new association would also have the support of Wines of Chile, which unites much of the country’s wine industry primarily for marketing purposes.

Among the founder members of the organic association will be Viña Emiliana, Odfell, and Koyle, according to Valderrama, as well as Viña Miguel Torres Chile.

Taking inspiration from Organic Winegrowers New Zealand (OWNZ), which is a dedicated to supporting organic winegrowing, he said that the group of Chilean wineries have been speaking to the founders of the New Zealand organization for advice.

Valderrama said, “..this year is very good, especially for organic wines, and our Las Mulas range of organic wines is doing very well; natural and organic wine is facing more demand, and that’s where the growth is across the US, Europe, UK and Korea as well.”

He added, “It seems that the consumer is more conscious about organics and the environment, and that’s why we are creating an organic grower’s association in Chile: the future for us is organic and natural wines.”

Currently, 98% of grape production across the 314 hectares owned by Torres in Chile is grown organically, with certification.

Sources  Drinks Business

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Moët Hennessy and Campari team up for joint venture ecomms business

Moët Hennessy has teamed up with Italian company Campari to launch a joint venture ecommerce business to sell premium wines and spirits across Europe.

The new business venture will see both companies invest in the pure-play digital retailer, which will be based on Campari’s existing ecommerce channel Tannico, which was launched by the Italian drinks producer. Tannico also owns a majority stake in the e-commerce platform Ventealapropriete.com, which sells premium wines and spirits in France. Together, the two platforms generated pro-forma aggregated sales of over €70 million in 2020.

Under the terms of the agreement, Campari is to transfer its stake in Tannico into the newly set up joint venture.  Under the terms of the agreement, Campari  is to sell half of the joint-venture’s equity capital to Moët Hennessy for 25.6 million euros ($30 million) in cash,  the company said.

The combined business will be headed up by Marco Magnocavallo, CEO of Tannico, who remains a key minority shareholder in the business, along with his management team.

Philippe Schaus, President & CEO, Moët Hennessy says “The partnership represented a significant step forward in the company’s global ecommerce development strategy.”

“While e-commerce was already a growing channel for wines and spirits, the global pandemic has triggered a significant acceleration,” he noted.

Bob Kunze-Concewitz, CEO of Campari Group says “It would allow Tannico to grow and further strengthen its footprint and expertise in the online retailing of spirits & wines.”

Magnocavallo agreed, saying that with the backing of the two companies, the new business would have the “firepower” to consolidate the fragmented European e-commerce sector and “offer a qualitative, sizeable and integrated route to market option catering to the needs of all its wines and spirits suppliers”.