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France will uproot 27,500 hectares of vineyards to combat oversupply crisis // The county supervisor vs. the wine execs: A Napa Valley power struggle

November 18, 2024 - Wine Industry Insight Daily News Feed

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“Coming into November, California’s total bulk wine inventory level is significantly higher than it was 12 months before, and inventory of every major varietal is larger to varying extents. Cabernet dominates, representing approximately a third of total availability. Activity across the state has so far been white varietal-focused, with smaller, spotty deals on other items; much of the activity is discussion. The sluggishness of wine demand means that, despite the shorter crop, many of the white-wine deals that have so far taken place have been at pricing in line with 12 months ago.”

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