Newsletter Spain – June 2022.pdf

Summer in Spain has arrived earlier than usual, with a heat wave in May and average temperatures above 30 °C in main growing areas. This, combined with a strong start to the vineyard, may impact yields if temperatures remain high. The 2022 harvest may be shorter than expected due to potential exhaustion and drying out of vines.

For the 2022 harvest, kosher wine and grape juice production is possible, with interest and estimated needs required by June 30, 2022. The price of white wine is stable, but recommended to be secured by the end of October 2022, as stocks are decreasing. Entry-level white wine is becoming harder to find, and prices for low-grade red wine are attractive, with some batches available at significantly lower prices.

High-quality red wines with high color intensity are more expensive due to the need for post-sulphur treatment to protect the wines. The trend in red wines has been downward, but the price difference between cheap and expensive wines is large.

De-ionised grape must concentrate 65 BRIX is in short supply due to producers stopping production, resulting in waiting lists and potential price increases. Securing contracts as soon as possible is advised, with prices potentially decreasing after the harvest.

Current prices for grape must concentrate and de-ionised grape must concentrate 65 Brix are € 225,20/hl and € 212,00 /hl, respectively. Special offers and market opportunities are available, with limited volume and specific payment terms, and can be secured by putting a contract under sample approval.

Guideline prices for Spanish wines from the 2021 harvest are provided, with prices subject to sales and varying depending on the type and quality of wine.