NOVATO, CA--(Marketwire - February 9, 2010) -
WHAT: The California Department of Food and Agriculture's Preliminary Grape Crush Report for 2009 is a critical barometer for the wine and grape industry, containing prices and tons of wine grapes crushed during the 2009 harvest. The Crush Report gives growers and wineries insight into the inventory position for the California wine business as a whole and influences market dynamics for the upcoming 2010 harvest. WHEN: CDFA is scheduled to release the Grape Crush Report at Noon, Wednesday, February 10, 2010. ANALYSIS: The report is likely to show that the 2009 wine grape crop was the second largest in California history. This is great news for consumers, who can expect an abundance of high quality wines from across the state's growing regions. Value-priced brand owners are also happy because they need increasing volumes of most varieties to satisfy surging consumer demand. Nature's bounty, however, is not so helpful for premium wineries, which have been battered by the recession enduring reduced restaurant sales and consumers thirsty for bargains. WHO: Turrentine Brokerage, California's largest winegrape brokerage and trusted and strategic advisors to wineries, growers and financiers, is available to provide comment and analysis on this report and its probable impact on growers, wineries and consumers. Turrentine Brokerage will have its experienced team of grape and wine brokers and analysts available all day Wednesday and through the week for comment and questions.
Contact Information: CONTACT: Brian Clements Senior Partner (707) 495-8151 specialty - grapes from all of California, especially Napa, Sonoma, Mendocino & Lake Counties Steve Fredricks Managing Partner (415) 847-0603 specialty - grapes and bulk wine from all of California and around the world Bill Turrentine President (415) 209-9463 specialty - grapes and bulk wine from all of California and economic analysis Erica Moyer Broker/Partner (209) 988-7334 specialty - grapes from the San Joaquin and Sacramento Valleys and the Central Coast Matt Turrentine Broker (805) 312-1828 specialty - grapes from the Central Coast.