The level of interest in Riverland grapes in AUGUST is unprecedented in recent years. It’s an early ‘green shoot’. Wineries have been active with invitations to growers to commit 2016 grapes. Not unexpectedly, most of them are not prepared to talk prices yet but the demand for winegrapes is definitely on the increase. There are murmurings about the levels of ‘bulk wine’ with some suggesting that stocks are only a third of what they were this time last year… another green shoot? It seems crazy that this information is not readily available.
Some growers who listed unsold grapes on the register last year have already had confirmation that those grapes are ‘required’ again this year. The register will be up and running again next week, three months earlier than usual. So, if you have uncommitted grapes don’t delay in listing them for vintage 2016.
Thursday night’s interview with (the other) Michael Clarke (MD and CEO of Treasury Wine Estates) was excellent news for that company’s shareholders. That news augurs well also for those who supply Treasury. It seems Clarke has turned the company around in a matter of 12 months. Indications from company executives who met with Riverland Wine members several weeks ago are also positive; with plans to increase their intake of Riverland fruit again this year. Watch Clarke’s ABC interview with Ticky Fullerton. Demand is creeping back. Competition for grapes is good.