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Autumn Budget a ‘kick in the teeth’ for wine and spirits // The real reason restaurant wine lists are boring – spoiler, restaurants are not to blame

October 31, 2024 - Wine Industry Insight Daily News Feed

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“World trade of bulk wine represents roughly one-third of total wine trade by volume but only 6.6% by value, given its low average price of €0.73/l at the end of 2023. The drivers for bulk wine trade differ from those for regular consumption. A significant portion of bulk wine trade occurs among producers to balance yearly crop variations or to replace domestic consumption in low-price segments.”

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