News

Harvest, production drops in central and southern Italy, prices up: +40% Montepulciano d'Abruzzo DOC

Fresh Grape
Fruits
Alcoholic Beverage
Italy
Market & Price Trends
Published Dec 6, 2023

Tridge summary

An analysis by BMTI shows that the price of wine grapes used for DOP-IGP wines has significantly increased in central and southern Italy due to a decline in harvest quantity caused by adverse climatic conditions. In northern Italy, however, the prices remain stable as the production levels are consistent with the previous year. Notably, the prices for Tuscan red wine grapes have increased, with Brunello di Montalcino DOCG grapes showing a growth of almost 15%, while the prices for grapes used in Montepulciano d'Abruzzo DOC and Pecorino d'Abruzzo DOC have increased by 40% and 50% respectively due to a significant reduction in production in the Abruzzo region.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From an analysis carried out by BMTI on the price trend of wine grapes detected by the Chambers of Commerce in the first weeks of the 2023 harvest, a picture emerges characterized by a significant increase in the price of grapes used for the production of DOP-IGP wines, especially in central and southern Italy. An increase that depended on the decline in the quantity of grapes harvested in these areas, caused by the adverse climatic trends recorded in recent months, such as the significant rainfall in May, June and July, the humidity and the strong variability of temperatures. More stable, however, are the prices of wine grapes in northern Italy, where production has remained at 2022 levels. In fact, in Veneto, the prices of grapes intended for the production of Amarone-Recioto DOC and Lugana DOC have undergone a variation of -2% compared to 12 months ago. After the growth of previous years, there would instead be a decline of -11% for the Prosecco DOCG Conegliano Valdobbiadene ...
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