The following is a summary of key insights from the 2012 California Grape Crush Report, sent last week to subscribers of the Turrentine Outlook:
Any way you look at it, 14,000,000 gallons is a lot of wine. That big number is the quantity of wine Turrentine Brokerage currently has listed for sale in bulk; a dramatic increase of 2012 vintage wines since the last Market Update newsletter. But what does 14,000,000 gallons mean for the short-term and long-term dynamics of the wine business? First, we need some perspective.