Hints of things to come: 2017

Peter ShakeshaftMid-August and we hear that Super Tuscan, Ornellaia, has commenced harvest of its 2017 crop. Granted, it is their Sauvignon Blanc and Viognier grapes, but the recent European heat wave has moved things along.

Ornellaia’s Director and wine-maker, Axel Heinz, reports on 2017, stating that they are currently enjoying “optimal day-night temperature differentials, and we expect an excellent harvest.”

Ornellaia Bottles

The 2017 vintage in Italy, France and Spain, has experienced exceptional temperature extremes this year with some areas of Europe experience 40 Celsius plus and drought conditions recently, this in stark contrast to the devastating April frosts and hailstorms. Reports in the Spring already predicted crop losses seeing supply down significantly year on year, in some cases a devastating 50 per cent reduction.

Of course, supply is a significant factor to the wine investor, as long as the quality is good, reduced supply is a positive influence on price performance, assuming you don’t pay too much for it in the first place.

The industry may still be in relative holiday mode but the 2017 harvest is seemingly just around the corner and the wine makers will be monitoring conditions very closely on the results of a highly turbulent climatic year. We will update you with all the latest news as it comes through.