Wine consumer habits are changing rapidly along with our society increasing internet penetration. As a result, online wine sales are becoming more common.
Since today, August 18 2020, China’s Ministry of Commerce had begun an anti-dumping investigation into imports of wine from Australia following a call from the China Wine and Spirit Association (CAWS) on behalf of the domestic industry last month.
Recently natural wine is a hot topic. Many wine industry professionals are discussing the matter and the usual questions raised are:
Should sulphur be allowed or not?
Do natural wines reveal terroir better than conventional wines?
Has natural wine changed our notion of flaws?
Most controversial of all is the definition of natural wine in the first place. In fact, despite recent news of the ‘Vin Méthode Nature’ charter in France (March 2020), on a global level, there is still no definitive definition of natural wine.
Wine consumption away from home (hotels, restaurants, wine bars) by the end of 2020 is forecasted to fall 29% (in value, compared to 2019). The analysis of different channels and types of consumers was made by Trade Lab, a marketing company appointed by Federvini.
The Bulk Wine Club has published the latest data relating to the 10 largest exporters and importers of bulk wine (packaging over 10 liters).
From January 2019 to January 2020, the global bulk wine trade reached 33.93 million hectoliters (13% of world wine production estimated at 260 mhl), for a total of 2,472 million euros. These figures represent a 2% increase in volume terms, but a 5.6% decrease in value. The average price fell 7.4% to 0.73 €/liter.
Wine consumption in Italy, heavily affected by the Covid-19 pandemic, registered a tremendous drop on restaurants consumption and a consequent shift towards supermarkets*(+9%) and online (+102%) purchases compared to the same period of last year.
The geographical term “Tuscany” will necessarily accompany all the labels of Vino Nobile di Montepulciano, Rosso di Montepulciano and Vin Santo di Montepulciano. The changes to the disciplinary of Montepulciano wines also published in the Official Journal of the EU.