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The long-anticipated 2024 California Grape Crush Report is here, and the numbers confirm what many in the industry suspected—this was the lightest crop in two decades. At just 2.844 million tons, the 2024 harvest is the smallest since 2004, reflecting a significant shift in supply amidst ongoing market challenges. Read our Press Release here!
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Don’t miss the latest Turrentine Market Update! It is a new year and, like an Etch A Sketch, we’re hoping that the supply markets have been shaken enough over the last couple years to wipe the slate clean and allow wineries to more actively source supply in 2025. The smaller 2024 crop will help move the market cycle forward by bringing markets towards balance through reduced supply, but unlikely to greatly alter recent market dynamics until consumer demand stabilizes or increases.