The wine news for Tuesday 12 June 2024!

Gustus – Vini e Sapori di Vicenza 2024: between glasses and sustainability Gustus – Vini e Sapori di Vicenza returns on Saturday 5 and Sunday 6 October at the “Arrigo Pedrollo” Conservatory of Music in Vicenza. The event dedicated to the three DOCs - Colli Berici, Vicenza and Gambellara - reaches its fourteenth edition this year and is enriched with an opening conference and two WineLabs. The tasting stands will be open to the public from 5pm to 10pm on Saturday and from 5pm to 9pm on Sunday and will involve more than 30 wineries, offering a selection of over 100 labels. During the two days, guests will be able to discover what is behind each glass, the stories, philosophy and style of each producer.

The Riunite-Giv cooperative is the leading Italian winery in terms of turnover. Here is the Mediobanca ranking of the 10 top sellers. There are four Italian companies that exceed 400 million euros in revenues in 2023. The report by the Mediobanca Research Area, published on 11 June, confirms the leadership of Cantine Riunite and the subsidiary Giv -Italian wine group, with an annual turnover of 671 million euros (-3.4% on 2022). Followed by Argea with 449.5 million euros (-1.2%), Italian Wine Brands with 429.1 million (-0.3%) and the Romagna cooperative Caviro with 423.1 million (1.4% on 2022) .

The wines of Alto Adige look up: «Moving up against climate change» The president of the Alto Adige Wine Consortium, Andreas Kofler, promotes mountain viticulture as a response to climate change. The vineyards of Alto Adige, located between 200 and 1,000 meters above sea level, could benefit from the increase in temperatures expected in the region.

Open-air wineries, on 14 June in Cesena the proposals of 41 wineries together with local food. The proposals of 41 wineries in Romagna will be combined with the best of local food on Friday 14 June in the Fornace Marzocchi park (La Buca) in Cesena. The “Cantine all'Aperto” event supports the social project “Sommelier Astemio”, aimed at inclusiveness for children with special educational needs. The proceeds from the evening will be used to contribute to the employment of people with disabilities.

Ferrari, 12 thousand m2 cellar Ferrari has completed the construction of a new 12 thousand m2 underground cellar in Trento, with the modernization of the reception structure scheduled for next year. The Ferrari-Lunelli group closed 2023 with consolidated revenues of approximately 146 million euros (-4.6%) and a profit of 9.3 million (-22%). Around 6 million bottles were sold, with investments of 12 million for the new cellar.

Italian wine exports slow down but continue to grow: 3.8% in value in the first three months of 2024. Italian wine exports reached 1.84 billion euros in the first three months of 2024, with an increase of 3%. .8% compared to the same period in 2023. However, there was a slowdown compared to the January-February data. The North American and Asian markets show positive signs, while Germany and France record negative balances.

San Lorenzo Maggiore: new awards for the “Terrae Laboriae” winery The emerging Terrae Laboriae winery of San Lorenzo Maggiore won two GOLD medals and one RED at the “Amphora Revolution” event in Verona, as well as obtaining first place at the 19th international competition “Roots of the South 2024”.

Guided tour and wine tastings at the Duca di Salaparuta cellars in Casteldaccia The Duca di Salaparuta cellars offer guided tours and wine tastings. Guests can explore the barriques, the history of the winery founded in 1824, and taste three wines accompanied by small gastronomic pairings.

Winery Italy: Report n. 6/2024; data as of 31 May 2024 of wines, musts, denominations held in Italy. As of 31 May 2024, in Italian wine factories there were 46.4 million hectoliters of wine, 3.5 million hectoliters of musts and 48 thousand hectoliters of new wine in fermentation. Inventories are lower than the previous year for all categories. 59.3% of wine is held in the Northern regions, with Veneto in the lead.

Mediobanca: in 2024 for the big names in Italian wine, sales (2.6%) and exports (3%) will increase. The major Italian wine producers expect a growth in sales of 2.6% and exports of 3% for 2024. Despite inflation, an increase in sales of sparkling wines and still wines is expected, with a good performance of sparkling wines.

Wine returns to growth abroad: first quarter with 3.1% (the French drop by 0.2%) and Europe recovers from the USA In the first quarter of 2024, Italian wine exports increased by 3.1 % in volume and 3.9% in value, reaching 1.84 billion euros. However, March saw a turnaround with declines in Germany, the United Kingdom, Switzerland and France. Sparkling wines and semi-sparkling wines continue to grow, while the average prices of wines lose their luster.

Italian wine, sales and exports growing in 2024. Here are the champions in terms of turnover and profitability. A recovery in the wine sector is expected in 2024 after last year's slowdown. Compared to 2022, in 2023 global production fell by 9.6% to 237 million hectoliters, while consumption fell by 2.6% to 221 million hectoliters. In Italy, production recorded -23.2% and consumption -1.6%. A survey by the Mediobanca Research Area conducted on 253 Italian companies with a 2022 turnover exceeding 20 million euros, found that the major Italian wine producers expect overall sales growth of 2.6% and exports by 3%. Bubbles continue to show optimism (3.7% overall expected revenues), especially across the border (6.8% exports), while for still wines a 2.3% in sales is expected (2.2% export). The study includes a focus on PDO and PGI wines, on the main M&A operations and on sustainability.

The future of wine with FEM between innovation in the field and new consumer trends The event, moderated by the journalist Walter Nicoletti, was opened by greetings from Marcello Lunelli, vice president of Ferrari Trento, who underlined the Trentino vitienological vocation represented by Villa Margon. Goffredo Pasolli, vice-president of the Consortium for the protection of Trentino wines and member of the FEM board of directors, highlighted the role of FEM in supporting the Trentino wine sector. Luca Paolazzi of the Consorzio Vignaioli del Trentino discussed the future challenges of the sector, including climate change and new technologies in the countryside.

Roads of wine, oil and flavours, 2024 promotion financed The Tuscany Region has financed with 30 thousand euros the promotion of the "Wine Roads", a network of routes that accompanies enthusiasts through Tuscan excellence. This funding is aimed at enhancing promotional routes and activities, creating an integrated tourism system. In Tuscany there are twenty "Roads of Wine, Oil and Flavors", represented by the "Federation of Roads of Tuscany", which develops common initiatives according to regional law n.45 of 2003.

Russia stocks Italian wine and keeps first quarter exports afloat March was a complicated month for Italian wine exports. Although the first quarter closed with an increase of 3.1% in volumes and 3.9% in values (according to Istat data), March recorded a reversal of the trend with a drop of 4%. This was due to double-digit reductions in Germany, the United Kingdom, Switzerland and France. Despite this, all types of wine show positive value balances: sparkling wines (7.3%), bottled still wines (2.7%) and sparkling wines (12.2%). However, average prices, except for bulk and must, are decreasing, a sign that the market is not willing to pay more to compensate for the low production of the last year.

Dolcetto, the most contemporary of the wines of the past: appointment at the Dolcetto Summer Fest In February 2020, before the pandemic, I published an article entitled "I have made peace with Dolcetto". During the lockdowns, I had the opportunity to uncork several bottles of Dolcetto, finding confirmation in my theses on the importance of wines for daily consumption. The Dolcetto Summer Fest celebrates this wine, offering the opportunity to appreciate it in a summery and convivial context.

LT Wine scouts Italian wine at Casa Italia Parigi 2024 LT Wine & Food Advisory, led by Lorenzo Tersi, is the Official Supplier of Casa Italia Parigi 2024 for the Olympics. The company took care of the selection of Italian wines for the Italian hospitality house, with 30 wineries present on the wine list. The catering services will be managed by the famous chef Davide Oldani. This selection enhances biodiversity and Italian designations of origin, representing all the regions of our country.

Thanks for listening, we remind you that today's wine press review was offered by QUIDQUID.

See you tomorrow.