SOURCE: Turrentine Brokerage

February 09, 2006 21:49 ET

Release of Wine Grape Crush Report Significantly Impacts Future of Wine Grape Industry, Expert Explains

NOVATO, CA -- (MARKET WIRE) -- February 9, 2006 --

WHAT:       The California Department of Food and Agriculture's
            Preliminary Grape Crush report for 2005 is a critical
            barometer for the wine and grape industry, containing
            prices and tons of wine grapes crushed during the 2005
            harvest. Figures reported are highly influential in setting
            prices for grapes delivered during the 2006 harvest.
            The Crush Report gives growers and wineries insight into
            the inventory position for the California wine business
            as a whole.

WHEN:      CDFA is scheduled to release the Grape Crush Report at
           Noon, Friday, February 10, 2006.

ANALYSIS:  Numbers released tomorrow may reveal that the 2005 wine grape
           crop was the biggest in California history. While good news
           for wine lovers, the big numbers are less exciting for growers
           and wineries struggling with excess supply for several years.
           In fact, many wineries had nearly balanced inventories when
           the 2005 harvest overwhelmed them with an unexpected volume
           of high quality grapes.

WHO:       Turrentine Brokerage, the industry's oldest and largest
           winegrape brokerage firm, is available to provide comment and
           analysis on this report and its probable impact on consumers,
           wineries, growers and the American wine industry.

           Turrentine Brokerage will have its experienced team of grape
           and wine brokers available all day Friday and over the weekend
           for comment and questions.

CONTACT:
           Brian Clements:
           (707) 495-8151
           specialty -- grapes from all of California, especially Napa,
            Sonoma, Mendocino & Lake Co.

           Steve Fredricks:
           (415) 847-0603
           specialty -- grape and bulk wine from all of California

           Bill Turrentine:
           (415) 999-9490
           specialty -- grapes and bulk wine from all of California and
            economic analysis

           Erica Moyer:
           (209) 988-7334
           specialty -- grapes from the San Joaquin and Sacramento Valleys

Contact Information

  • CONTACT:
    Brian Clements:
    (707) 495-8151

    Steve Fredricks:
    (415) 847-0603

    Bill Turrentine:
    (415) 999-9490

    Erica Moyer:
    (209) 988-7334