date:Jul 22, 2014
wineries and cooperatives are really feeling the pressure at the moment, with there still being lots of wines in tank and a big vintage looming in front of them, we are seeing prices lowering by the day, especially on generic red and red varietals. This is in total contrast to two years ago when we had the very small 2012 vintage, supply was limited and pricing doubled overnight. There were even wineries in Spain importing generic red wine from Chile following the very small 2012 harvest.
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