Volume declines of Southern hemisphere harvest pushes up demand for bulk wines

Smaller harvest in the Southern hemisphere are set to boost demand for bulk wine, the latest report from Ciatti has said. Volume estimates for the harvest across the Southern hemisphere are expected to be down on last year, the update said, with Argentine and New Zealand set to see the biggest declines. The Australian harvest is broadly in line with last year, but the average price for bulk wine has decreased however, down 4.7 per cent, largely on the back of increased demand at the lower level.