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The stock level of the current wine year exceeds the average of the last four years, with 33.3Mhl
According to the latest INFOVI (Market Information System for the Wine Sector), the current wine campaign 2017 - 2018 has begun with a stock of wine and must of 33.3 million hectoliters. This is a level of stocks somewhat higher than the average of the last four years, which will contribute to improving the balance of the market in the current campaign, marked by a forecast of low production, both in Spain and in other EU producing countries.
La Mancha cooperatives predict that the harvest will be 22% lower than the last
Responsible for cooperative wineries in the main producing areas of Castilla-La Mancha have analyzed on 5th September in Alcázar de San Juan the evolution of the current harvest, currently in its equator, and estimated that it will pay out a total of 19 million of hectoliters, a production 22% lower than last season. They also took advantage of this meeting to exchange views on the first references of market prices.