SOURCE: Turrentine Brokerage
NOVATO, CA--(Marketwire - Feb 7, 2013) -
The California Department of Food and Agriculture's Preliminary Grape Crush Report for 2012 is a critical barometer for the wine and grape industry, containing prices and tons of wine grapes crushed during the 2012 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 2013 harvest.
CDFA is scheduled to release the Grape Crush Report at Noon on Friday, February 8, 2013.
The Crush Report is likely to show that the total 2012 California wine grape crop increased considerably from 2011. After a challenging 2011, the 2012 growing season was nearly ideal throughout the state, providing an increase in yields over the last several years. This was especially true in the North Coast, in particular, Sonoma County Pinot Noir and Chardonnay. In the Northern Interior, it will be interesting to look at the size and continued trend of Zinfandel being harvested from white to red wine. Paso Robles and the Southern Interior suffered from extreme heat which limited production. This larger harvest comes at a time when supplies were nearing record lows, alleviating some of the upward pressure on bulk wine and grape pricing.
With 40 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 Friday, and throughout the week, for comment and questions.