US: Grape Supply Loosens in Short Term
US: Grape Supply Loosens in Short Term
Sep 28, 2012 6
(Wines&Vines) - Early this year, it looked like wineries might face unexpected shortages, prompting many to rush to lock up supply. Now, with a near-perfect vintage and crop yields higher than expected, wineries and growers holding bulk stocks have released some of their wine, and things are looking a little brighter—at least for this year. At the Wine Industry Financial Symposium this week, Steve Fredricks, president of Turrentine Brokerage, one of the largest brokers in bulk wine and grapes, examined both short- and long-term grape supply.
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