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Constellation Brands issues profit warning on ‘negative’ wine and spirits trends // The New Tuscan Counterculture

September 3, 2024 - Wine Industry Insight Daily News Feed

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Today’s Most Interesting Wine Industry Data

“The number of grape listings posted to the WineBusiness Bulk Wine and Grape Board in July surged past the previous month’s record, with a total of 750 posts, up 164% compared to July of last year. Year-to-date postings have reached 2,907, surpassing the entire total for 2023, which had 2,478 listings. Harvest has commenced and the grape market remains hyper saturated, leaving many growers in a limbo state waiting for a buyer.”

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