|
|
|
|
|
|
|
|
|
|
|
|
|
|
MAY 2026: We finally have confirmation of an update to the Chianti DOCG regulations: APPROVAL OF CHIANTI ROSE', DOCG CERTIFICATION DIRECTLY FROM THE PRODUCER. We await publication in the Official Journal. |
|
|
|
|
MARCH 2026: The first quarter of 2026 continues to be negative. Some DOCGs have halved in value, but despite this, volumes and trade are struggling to recover. Consortia are attempting to amend their regulations to bring them more in line with the current climate. |
|
|
|
|
DECEMBER 2025: Unfortunately, market uncertainty persists, largely due to global events. Tuscan wine prices are declining significantly, inventories are not decreasing, and buyers are currently dwindling. |
|
|
|
|
OCTOBER 2025: The annual harvest forecasts remain a key event for the wine sector, providing businesses, administrations, technicians, and retailers with a comprehensive and up-to-date overview of the Italian vineyard, enriched by an analysis of the market context. The survey is based on a harmonized methodology developed by Assoenologi, Unione Italiana Vini (UIV), and ISMEA, with the contribution of MASAF and the regional governments. The harvest season was preceded by a period of uncertainty related to weather conditions, which were particularly variable during the summer months. Good water reserves built up during the winter months, a mild spring, and an early and variable summer, which saw two intense heatwaves followed by a return to milder conditions, led to an early harvest in many areas and a forecast for a long harvest period, especially in Southern Italy. From a grape health perspective, given the ongoing climate instability characterized by extreme events, only careful technical and scientific vineyard management was able to achieve an adequate yield. Initial production estimates indicate volumes of 47 million hectoliters (+8%), more in line with the recent average after two decidedly poor years (with the exception of Tuscany). Tuscany (-13%) The 2025 growing season began with a winter and early spring characterized by abundant rainfall, which allowed significant soil water reserves to accumulate. A particularly rainy May favored the first outbreaks of downy mildew, which were, however, effectively contained thanks to targeted phytosanitary interventions and the subsequent return of drier conditions in June. The latter helped reduce disease pressure and ensure regular vegetative development. Powdery mildew outbreaks, which occurred in late June, were moderate in severity and limited to the areas subject to the greatest pressure. The summer, despite some beneficial rainfall, was dominated by two heatwaves: the first between late June and early July, the second starting on August 5th. Despite the high temperatures, the vines did not suffer significant water stress, thanks to previously accumulated reserves, and sugar accumulation occurred early. The harvest was about a week earlier than in 2024. In some areas, the intense heat of August had already caused sunstroke and wilting, but the storms of recent days, accompanied by a drop in temperatures, could ensure the final push towards complete and balanced ripening, an essential condition for confirming the excellent quality expectations for the vintage. The first harvests, which began in the last week of August with the early grapes destined for sparkling wine bases, show a good balance between sugars, acidity, and aromas. Expected yields appear slightly lower than the particularly abundant ones of 2024, but without any particular problems. From a qualitative standpoint, the 2025 vintage promises to be particularly favorable for red wines, thanks to grapes that exhibit concentration and a good balance between sugars and acidity. (SOURCE FROM THE ASSO ENOLOGI WEBSITE) |
|
|
|
|
AUGUST 2025: The 2025 harvest has begun in Tuscany. The first grapes to be picked are Pinot Noir and Chardonnay, followed by Merlot in a week. According to agronomists, Sangiovese will have to wait until the end of September, hoping the weather is on our side. The grapes currently appear beautiful and healthy, even in terms of quantity. The forecast is encouraging, with fewer quintals than in 2024 but in line with the average of recent years. In conclusion, I can say that the entire Tuscan wine sector is aiming for a 2025 harvest of "GREAT QUALITY"; all the conditions are in place. However, the next few weeks will be crucial. |
|
|
|
|
MAY 2025: The Tuscan market remains highly uncertain and pessimistic. Meanwhile, inventory data has been released. Overall, our region is among the regions with the highest volumes of wine in cellars, with approximately 6.10 million hectoliters, second only to Veneto. Chianti bottling data since the beginning of the year has consistently been negative. With the approach of a new harvest season that promises to be (for now) quite significant, there is a risk of being bogged down for a long time unless decisive and courageous action is taken to drastically reduce quantities. We are all waiting to see what the various competent bodies (primarily the consortia of the various denominations) will do to resolve this situation as quickly as possible. |
|
|
|
|
MARCH 2025: What we suspected at the end of 2024 is unfortunately coming true. Production in Tuscany has been very strong, with Chianti reaching 800,000 HL. The market is reacting exclusively by lowering prices. Meanwhile, the situation is worsening, in addition to geopolitical instability, with the new US government's stance on imports from Europe announcing tariffs. We eagerly await the post-Vinitaly event for a clearer picture. |
|
|
|
|
DECEMBER 2024: As we near the end of 2024, bottling data for Tuscany's most famous wine, Chianti, suggests the year is closing positively (DOCG label withdrawals down 1% compared to 2023). The biggest unknown will be the quantity produced in 2024, estimated to be over 250,000 HL more than in 2023. Looking at average Chianti consumption in recent years, we see a potential surplus of wine in 2025, resulting in prices shifting back to the medium-low range. |
| (06/21) Chianti DOCG 2020 |
115,00 |
140,00 |
|
OCTOBER 2024: The 2024 harvest has finally concluded in Tuscany. According to producers, it was a long and complicated harvest. The rains of recent weeks have caused many wineries to rethink their harvest strategies. Regarding quality, we expect wines with lower alcohol levels but with good aromas. Initial negotiations have shown prices 15% lower than last year. We expect production declaration data by the end of the year. |
| (06/21) Chianti Classico 2019 |
245,00 |
310,00 |
|
AUGUST 2024: Unlike last year, when we experienced a significant drop in production of 40-50%, this year's production is expected to be above average. Producers are currently very satisfied with the quantity; the rains have been there and have helped the fruit ripen. Regarding the buying and selling market, there are currently many grape offers but few buyers. I believe this is a different strategy than in 2023. Customers prefer to evaluate the finished wines and be aware of the sales potential of the bottles. Prices for 2023 wines are largely repositioning at 5-10% lower, especially for current wines, while prices for reserves are holding up. Regarding prices for 2024, we expect a general decline; it is very difficult to give an exact measure at this time. I believe that at the start of trading, we can expect a drop of 5% to 15%, especially for Brunello-Bolgheri and Chianti Classico. The situation is a bit complicated for Chianti, as there are many different types: Chianti Atto, Chianti DOCG, Chianti Riserva, Chianti Colli Senesi, Aretini, Pisani - Chianti Superiore, Chianti Uso Governo, Chianti Bio. This also applies to Chianti qualities, which can range from 11.50 with 5 color points to 14.50 with 15 color points, and this also applies to IGT wines. In conclusion, in my opinion, I find the current situation more favorable for both producers and buyers. The wineries will have a satisfactory supply, and even if prices may drop slightly, producers will hopefully be able to offset their business costs. Bottlers, who have seen a decline in sales for a couple of years now, due to the increase in raw materials and then last year's increase in wine prices, may be able to become more competitive on the international market this year. However, they must keep a close eye on consumption trends, which will shape the market in the coming months. |
| (06/21) Chianti Classico 2020 |
250,00 |
295,00 |
|
JUNE 2024: The second quarter of the year is coming to an end. Weather conditions are making life difficult for our producers, but less worrying than in 2023. We'll see what results come after the harvest. The bulk wine market remains highly uncertain. As previously noted, customers are primarily purchasing from stock levels to minimize inventory, but it's also true that this situation could prove to be a double-edged sword. For the next harvest, especially for certain types of wine, purchasing plans should be coordinated in advance, otherwise there could be a risk of some products being out of stock. Regarding wine prices, I've noticed a slight decline, but this decline varies between the production of wines eligible for DOCG and those already certified. It's important to remember that the final price of a product is determined not only by the quality of the wine but also by the services the supplier can provide: payments, vinification, etc. We'll wait for the next two months to receive forecasts and estimates for the 2024 harvest. |
| (06/21) Toscano rosso 2020 (12°) |
70,00 |
100,00 |
|
APRIL 2024: The first three months of the year have been quite hectic in terms of buying and selling, undoubtedly due to one of the poorest harvests in recent years. Another fact is that many companies are changing their purchasing approach; they no longer want or can afford to have overflowing warehouses. This is also because interest rates have recently increased by 5-6 percentage points. Therefore, customers are making intermittent purchases, investing only when they are certain they have a sales contract in hand. All of this is leading to a slowdown in negotiations, resulting in a slight decrease in prices. |
| (07/21) Chianti DOCG 2020 |
140,00 |
160,00 |
|
JANUARY 2024: The new year has started quite well for Chianti bottling, with a 21% increase compared to January 2023. Production is among the lowest in recent years, and while large bottlers are being cautious about stockpiling, production from cooperative wineries and farms is also attempting to hold firm and weather through a challenging and challenging period. Prices are currently holding steady; we operators are awaiting not only the sales figures for February and March (first quarter), but also the weather conditions, which have had a significant impact in recent months. |
| (07/21) Chianti Classico 2020 |
250,00 |
300,00 |
|
OCTOBER 2023: The 2023 harvest will be remembered as one of the most difficult in recent years, primarily due to our winemakers' relentless focus on eradicating downy mildew from their vineyards. Quantities will be average, with no expectations of a vintage of the century. Therefore, quantities are 30% lower. Negotiations for the purchase and sale of various Tuscan IGT, DOC, and DOCG wines will be largely postponed until the end of the year, also to give bottlers time to reduce inventory and assess their positioning in the various retail price lists. |
| (07/21) Rosso IGT Toscano |
80,00 |
100,00 |
|
AUGUST 2023: We're approaching the harvest, and the concerns of June and July are unfortunately coming true. Production estimates will be among the lowest in decades (perhaps 30% to 40%). On the one hand, producers are demanding a price increase for grapes, while on the other, bottlers (except for a few small businesses that can afford increases of 10% to 30%) are unable to translate these expected increases into bottles. So we're at a standstill, with each category pushing in their own direction. Let's see what happens in the coming weeks; it will undoubtedly be a very complicated and tense harvest. |
| (07/21) Bianco IGT Toscano |
80,00 |
90,00 |
|
JUNE 2023: "What man can't do, nature can." This is an old Tuscan saying that is coming true at this time of year. Until a few weeks ago, Italy and Europe were calling for a special distillation due to excessive wine inventories on the market. Meanwhile, in many Italian regions, intermittent rains are causing serious phytosanitary problems (downy mildew) in vineyards, with expectations of a sharp drop in production. In Tuscany, the problem is being assessed day by day; organic wineries are certainly having serious problems, while conventional wineries have some additional tools to combat the disease. At the same time, some producers have taken defensive measures by halting sales and waiting a few weeks. Furthermore, to see how the situation develops, bottlers are hoping there won't be, as has happened in the past, an uncontrolled price increase, as this would further worsen sales, which are already in a very critical phase. In conclusion, I can say that these are very, very complicated days, also because there are still almost three months until the beginning of the grape harvest in Tuscany and anything can happen! |
| (05/22) Chianti DOCG 2021 |
140,00 |
175,00 |
|
MARCH 2023: Unfortunately, the trend of slowing sales is continuing even now. The biggest concern is products distributed through large-scale retail outlets. |
| (05/22) Chianti Classico 2021 |
280,00 |
330,00 |
|
JANUARY 2023: Transactions on the 2022 product opened with much hesitation, prices are declining, especially for those wines sold in large-scale retail outlets, and the first product to slow down is Chianti, while other products such as Classico, Bolgheri, and Brunello are holding up very well. |
| (05/22) Bolgheri 2021 |
900,00 |
1.200,00 |
|
#VALUE! |
| (05/22) Brunello 2021 |
1.000,00 |
1.200,00 |
|
NOVEMBER 2022: The 2022 harvest has concluded. It was an unpredictable year weather-wise, which has left producers extremely busy managing their vineyards. As Dr. Busi, president of the Chianti Consortium, explains: "Overall, we have a higher production than in 2021 (12%+) and good quality. Quantity-wise, our data is patchy (varying from province to province) because in some areas the drought was severe, and despite the August rains, production was lower (Chianti Classico area), but in the vast majority of Chianti territories, production was abundant." The biggest unknown is price stability. On the one hand, producers are demanding increases, given the rising cost of the products used to manage the vineyard; on the other, bottlers are also facing significant increases in the cost of materials such as glass, cartons, transportation, etc. The fear is that all this will lead to a standstill and consequently a decrease in bulk prices. The hope is that everyone along the entire supply chain, from producer to final distributor, can do their part to overcome this sad moment with as little disruption as possible. |
| (05/22) Rosso IGT 2021 |
100,00 |
150,00 |
|
MAY 2022: A severely slow trade situation has persisted for several weeks now, due to multiple factors that have developed since the beginning of the year. Raw material prices have doubled, if not tripled, exports to Ukraine and Russia have been suspended, and the geopolitical situation is extremely complex. Amidst this scenario, Tuscan wine products are suffering to varying degrees from sales declines; Chianti (a generic, off-the-shelf product for large-scale retail trade) is suffering the most, as bottlers are unable to obtain the desired price increases from buyers. In April, bottling volumes decreased by 25-28%. Other DOCGs, such as Classico, are holding their own, while Bolgheri, Morellino, and Brunello are bucking the trend slightly, having increased by 10% in recent months. It's important to note that the increases in raw material prices are affecting not only the sales department but also the production sector: fertilizers, diesel, and energy. The hope is that a balance will be found as soon as possible between producers and various bottlers, allowing the entire supply chain to overcome this particularly challenging time. Our role as intermediaries, in my opinion, is even more crucial during this period; we must work with awareness and clarity, without being influenced by speculative movements. |
| (01/23) Chianti DOCG 2022 |
130,00 |
150,00 |
|
MARCH 2022: The Tuscan wine market was performing very well until a few weeks ago, with trade between producers and bottlers continuing at medium-high prices. We had sensed that this rising price situation would not last forever. With the dramatic international situation (Russia/Ukraine), markets have frozen from one week to the next, and trade is at a minimum. Buyers' expectations are lower, while suppliers are attempting to maintain prices, especially given the rising prices of raw materials. A very, very complicated situation! |
| (01/23) Chianti classico 2022 |
300,00 |
340,00 |
|
#VALUE! |
| (01/23) Rosso IGT Toscana 2022 |
80,00 |
130,00 |
|
END OF THE 2021 HARVEST: The harvest in Tuscany is finally coming to an end. These are the days when the quantities produced are being calculated. I believe the estimate made by the Consortium at the beginning of the season (a 15% decrease) cannot be validated. Speaking with various producers in different areas, a shortfall of over 30% has been estimated, and it is because of this situation that the price of new products is rising alarmingly. That said, I still think it's appropriate to wait for the harvest data once production has been declared before making further assessments. |
| (03/23) Bianco IGT Toscana |
80,00 |
100,00 |
|
August 2021 2021 TUSCANY HARVEST FORECAST "The sunny, dry weather is favoring the ripening of the white varieties in the earliest vineyards. A welcome drop in temperatures is expected in the coming days, which should create ideal conditions for the end of ripening and the harvest of Sauvignon Blanc and Viogner, which should be concentrated this week. Patience will still be needed for the reds." "The prolonged heat has slowed the plants somewhat, but for now, things are still going well. Harvest in the Chianti area should begin around September 20th.
In April, producers were busy burning large bundles of straw to warm the air and reduce the impact of frost. However, the damage was limited, "because most of the buds were dormant. There are no disease problems—ripening is proceeding well, the vines are thriving. A 15% to 20% drop compared to last year is still estimated, but this will positively impact quality." (From Chianti Consortium sources) Further positive news for Chianti wine comes on the sales front, with average sales up to July increasing by 10% compared to last year. To balance supply and demand, the last meeting of the Chianti Wine Consortium, held in June, decided to reduce yields by 15% for the 2021 harvest. This decision has now been approved by the Tuscany Region with a resolution at its latest council meeting.
In fact, over the last two months, we have seen bulk prices increase by 15-20%. |
| (03/23) Rosso IGT Toscana |
80,00 |
120,00 |
|
July 2021 - The month of July continues to see rising prices across the entire sector, with some bottlers becoming increasingly concerned about having to adjust their price lists with significant increases. The weather is currently looking promising; there have been three days of rain without causing any damage. |
| (03/23) Chianti classico 2022 |
300,00 |
350,00 |
|
June 2021 - Chianti is currently trading at very respectable prices, ranging from €140 to €150 per hl + VAT, with a few exceptions. Consortium data on the collection of wine bands bodes well for the month of May, up 32% compared to May 2020. Prices for Chianti Classico vintages 2018 and 2019 are hovering around €280/300 per hl. While for the 2020 production, the range is wider, at €240/280. For the IGT Toscana, a very poor 2021 harvest is expected, especially in the coastal area, where the Sangiovese variety was severely affected by the April frost. There are also purchases of older vintages to compensate for the expected shortage. Prices range from €80 to €120 per hl. The other denominations remain stable. |
| (03/23) Chianti DOCG 2022 |
120,00 |
145,00 |
|
May 2021 - The Tuscan market is experiencing significant increases across the entire wine sector, driven by the emotional impact of the April frost. However, it's important to note that prices for some wines were underestimated. We'll have to wait a few weeks to see whether these increases are structural or simply a speculative bubble. |
| (06/23) Chianti 2021 |
140,00 |
170,00 |
|
April 2021 - Frost in Tuscany - The cold snap that hit Italy in the days following Easter had uneven consequences across the country, depending on the region. According to monitoring by Assoenologi (Italian Winemakers Association), the situation appears to be unevenly distributed, but the mid-hill and valley areas suffered the most, with specific damage to early-ripening varieties that had already put out their first buds. Areas in Tuscany and Umbria were particularly affected, but some areas in Emilia-Romagna and Veneto were also affected by the frost, as well as many other areas where, fortunately, no significant effects were observed, especially in the southern regions, which have the highest production potential. The situation in Tuscany is complex and worrying, with the entire region affected by frost, with temperatures reaching -7/-8 degrees Celsius in the Arezzo area and the lower Valdarno, and likely extensive damage. Quantifying the damage is difficult at this time, but the grape variety most affected is Sangiovese, which had already sprouted, while Vernaccia, lagging behind in phenological development, is almost unscathed. The upper reaches of Chianti Classico have not yet seen significant damage, while critical issues have been noted in Montalcino and Montepulciano in the valley floor and plain vineyards. Maremma, on the other hand, is the hardest hit. Damage is estimated at around 40%, with peaks even higher.
Unfortunately, over the past five years, our region has been severely and continuously hit by natural disasters, frost, hail, and drought, not to mention diseases affecting vines (esca disease). The income situation of our farms is becoming very critical, but large-scale Italian retailers, where most of our products should be distributed (with the closure of the on-trade due to Covid), are turning a deaf ear. Prices are increasingly lower!
Our lands, envied throughout the world, are so beautiful and fascinating thanks also to the people and entrepreneurs who have invested in Tuscany to enhance not only the wine product but the entire region. |
| (06/23) Chianti 2022 |
120,00 |
145,00 |
|
|
| (06/23) Chianti Classico 2021 |
310,00 |
350,00 |
|
|
| (06/23) Chianti Classico 2022 |
310,00 |
350,00 |
|
|
| (06/23) Rosso Toscano IGT 2021 - 12/13,5° |
90,00 |
145,00 |
|
|
| (06/23) Rosso Toscano IGT 2022 - 12/13,5° |
80,00 |
120,00 |
|
|
| (06/23) Bianco Toscano IGT 2022 - 12° |
80,00 |
100,00 |
|
|
| (06/23) Toscano Sangiovese 2022 - 12/13,5° |
85,00 |
130,00 |
|
|
| (10/23) Sangiovese Igt Toscana - 12/13,5° |
100,00 |
130,00 |
|
|
| (10/23) Rosso Igt Toscana - 12/13,5° |
80,00 |
120,00 |
|
|
| (10/23) CLASSICO 2022 |
310,00 |
350,00 |
|
|
| (10/23) CHIANTI 2022 |
130,00 |
160,00 |
|
|
| (01/24) Chianti 2022 |
160,00 |
180,00 |
|
|
| (01/24) Chianti 2023 |
140,00 |
160,00 |
|
|
| (01/24) Classico 2022 |
330,00 |
370,00 |
|
|
| (01/24) Classico 2023 |
300,00 |
350,00 |
|
|
| (01/24) Rosso igt Toscana |
120,00 |
150,00 |
|
|
| (04/24) Chianti 2022 |
160,00 |
170,00 |
|
|
| (04/24) Chianti 2023 |
135,00 |
160,00 |
|
|
| (04/24) Chianti Classico 2022 |
320,00 |
360,00 |
|
|
| (04/24) Chianti Classico 2023 |
300,00 |
350,00 |
|
|
| (04/24) Rosso Igt Toscana 2023 |
120,00 |
150,00 |
|
|
| (04/24) Bianco Igt Toscana 2023 |
120,00 |
140,00 |
|
|
| (03/25) Chainti 2023 |
117,00 |
150,00 |
|
|
| (03/25) Chianti 2024 |
100,00 |
130,00 |
|
|
| (03/25) Chianti Classico 2023 |
310,00 |
350,00 |
|
|
| (03/25) Rosso igt Toscana 2024 |
80,00 |
100,00 |
|
|
| (03/25) Bianco igt Toscana 2024 |
85,00 |
115,00 |
|
|