Spain to restructure following wine glut
Spain is being warned not to rip out its vinous treasures whilst restructuring the wine industry. Last year Spain brought in a bumper harvest whilst there were already large stocks around the world. As a consequence there have been Spanish wines knocking about for under £4 which makes producers no money. Australia were in a similar position 10 years ago. Spanish wine trends suggest that demand for traditional grapes such as Airen and Tempranillo is lacking, consumers are looking for more crisp fruity flavours offered by Colombrand and Chenin. Spain is now looking to be more market driven in its approach.