Turrentine Press Release: 2014 Grape Crush Report
The California Department of Food and Agriculture’s Preliminary Grape Crush Report for 2014 has been released. It is a critical barometer for the wine and grape industry, containing tons crushed and prices of wine grapes crushed during the 2014 harvest. The Crush Report provides growers and wineries insight into the inventory position for the California wine business as a whole, and influences market dynamics for the current bulk wine market as well as the upcoming 2015 harvest.
The 2014 Preliminary Grape Crush Report, as released by the National Agriculture Statistics Service, announced a California statewide winegrape crop of 3.91 million tons. The total crush of wine grapes declined in 2014 from 2013 some 340,000 tons or about 58 million gallons. Overall, this decline is a healthy thing for the wine business, which has ample inventories to feed growth after two previous years of larger than average crop yields.
See Turrentine’s Press Release below.
