Due to the scarcity of grapes or wine forecast for this year
throughout Spain, good offers of up to 32 centimos/kilo have been coming in
from outside the Sherry zone, which represent 2 – 5 centimos more than the prices offered or
contracted by the Sherry bodegas for this year. The bodegas’ 3 year contracts
however, offer annual increases of 3 centimos, so it is a difficult decision
for growers who are not contracted – generally cooperatives - as the offer only
covers this year’s harvest. While the Sherry harvest will probably be reduced
on last year by about 25%, many other Spanish regions are facing drops of about
15%, all due to the drought. Let us hope the grapes stay in Jerez to replenish
the stocks.
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