Welcome!

News Feed Item

California Winegrape Crop Tops 4 Million Tons for 2012

Crop up 20% From 2011

NOVATO, CA -- (Marketwire) -- 02/08/13 --


Statewide

"To the benefit of growers, wineries and consumers, California harvested its biggest winegrape crop to date in 2012, led by major growth in the main varietals. A long, moderate growing season in most areas of the state produced excellent quality and allowed the grapes to continue to size right up to harvest. According to the state Grape Crush Report released today, wineries crushed over four million tons of winegrapes, the equivalent of 680,000 million gallons. Growing consumer demand is expected to easily absorb the increase, especially after a light harvest in 2011. Bulk imports by California producers, who have been short of several key varieties, are likely to drop significantly." -Steve Fredricks, President

"With retail sales of Cabernet Sauvignon growing strongly, producers are delighted with an 18%, or 77,000 ton increase over the five year average. At 495,600 tons, it is the second largest crop in state history. Lodi accounted for 22,000 tons of that increase. Districts 7 (mostly Monterey County) and 8 (mostly Paso Robles), contributed 15,000 tons to the increase over the five year average." -Brian Clements, Vice President

"Chardonnay statewide was up 13%, an increase of 87,000 tons, over its five year average. The Lodi area produced 20,000 tons of that increase with the second largest Chardonnay harvest in the history of the region. Sonoma County had its largest Chardonnay crop ever, up 16,000 tons over the five year average." - Brian Clements, Vice President

"Merlot grew 13% over the five year 2011 average and 17% compared to the previous year." -Steve Fredricks, President

"Zinfandel climbed 11% over the five year average and 30% compared to 2011's light crop. The demand for 'red blends,' has resulted in the reset of Lodi Zinfandel from white to red production. 2011 was the lightest year for Zinfandel in 15 years, which created a backlog of demand." -Erica Moyer, Partner/Grape Broker

"After two light harvests, 2010 and 2011, one larger harvest has not overwhelmed demand. Supply of grapes for 2013 remains relatively tight in all regions of California, and demand is strong." - Steve Fredricks, President

"Even when the winery tanks were full, a number of wineries did whatever they could to bring in as many of the picture-perfect clusters as possible." -Brian Clements, Vice President

"Over the last ten years, the Pinot Noir crop has grown an impressive 356% across California -- yet there continues to be high demand!" - Brian Clements, Vice President

Napa Valley

"Napa growers harvested an incredible 70,935 tons, the equivalent of 12 million gallons of Cabernet Sauvignon. Fortunately, as winemakers evaluate the new wines, the quality promises to be impressive. Even with a record harvest, demand continues to stay strong for 2013 grapes." -Brian Clements, Vice President

Sonoma County

"In 2012, the North Coast experienced a rare 'trifecta': an impressively large crop, strong demand and perfect weather that produced fantastic quality grapes. This abundance is good for everyone, especially consumers." -Brian Clements, Vice President

"For the first time in many years, nearly all major varieties in California are in demand." -Brian Clements, Vice President

"The Sonoma County Chardonnay harvest yielded 80,879 tons, the largest crop ever. It is worth noting, however, that last year's big crop has only put a small dent in demand for 2013 Chardonnay grapes." -Brian Clements, Vice President

"Although 2012 Sonoma County Pinot Noir tonnage jumped an amazing 95% over 2011, the demand for 2013 has not gone 'Sideways.' We currently have more buyers than sellers and prices are profitable for both wineries and growers at this time." -Brian Clements, Vice President

"The short-term benefit of a more normal crush will mean ample supplies of bulk wine actively for sale in 2013 and may soften some prices, yet un-contracted fruit for 2013 is limited and sales continue to grow. Demand seems poised to exceed supply for the near future." -Brian Clements, Vice President

Central Coast

"Merlot continues to make a resurgence in the grape and bulk wine markets, due largely to demand as a blender for Cabernet Sauvignon and as a component in Red Blends. For the second time in nine years the weighted average price per ton exceeded $1000/ton in District 8." -Audra Cooper, Partner/Grape Broker

"Cabernet Sauvignon in District 8 exceeded expectations at 15% above the five year average, despite two of the past five years experiencing major frost damage. Even with the increased production, demand continues to outstrip supply." -Audra Cooper, Partner/Grape Broker

"The record 2012 Pinot Noir crop in District 8 jumped an impressive 90% from 2011 and 40% from its five year average." -Audra Cooper, Partner/Grape Broker

"After the disastrous 2011 harvest, the Pinot Noir crop rebounded to produce a new record of 54,104 tons in District 7." -Erica Moyer, Partner/Grape Broker

Lodi

"Lodi hit a home run with Cabernet Sauvignon, producing 26% of the state total, far more than any other region. Lodi Cabernet Sauvignon production jumped an impressive 36% over last year's light harvest." - Erica Moyer, Partner/Grape Broker

"Lodi produced its third largest crop of Zinfandel, despite a continuing shift from higher yielding White Zinfandel to lower yielding Red Zinfandel. This shift is also reflected in increasing average price, from $444 per ton in 2010 to $626 in 2011 to $811 in 2012."
-Erica Moyer, Partner/Grape Broker

About Turrentine Brokerage
Turrentine Brokerage, founded in 1973, serves as trusted and strategic advisors to growers, wineries, and financiers and specializes in the strategic sourcing of wine grapes and bulk wine from the major growing areas across the globe. Working with thousands of wineries worldwide, and with over 2,000 growers, this experienced team has negotiated transactions between buyers and sellers valued at more than $2 billion over the past decade.

CONTACT:
Brian Clements
Vice President / Partner
(707) 495-8151
specialty - grapes from all of California, especially Napa, Sonoma, Mendocino & Lake Counties

Steve Fredricks
President / Partner
(415) 847-0603
specialty - grapes and bulk wine from all of California and around the world

Erica Moyer
Partner/Broker
(209) 988-7334
specialty - grapes from the San Joaquin and Sacramento Valleys and the Central Coast

Audra Cooper
Partner/Broker
(805) 400-9930
specialty - grapes from the Central Coast

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in ...
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
"Peak 10 is a national cloud data center solutions managed services provider, and part of that is disaster recovery. We see a growing trend in the industry where companies are coming to us looking for assistance in their DR strategy," stated Andrew Cole, Director of Solutions Engineering at Peak 10, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership abi...
The essence of cloud computing is that all consumable IT resources are delivered as services. In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, demonstrated the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He discussed from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT to transi...
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...