The Spanish Agricultural Guarantee Fund (FEGA) just released official stocks of wine and grape in Spain by July 31st; indeed, considerably higher figures than expected by industry professionals. In summary, the Spanish wineries in late July recorded 33.280461 hectoliters of wine and 3,339,002 hectoliters of grape must (may check more detailed figures in the table below).
The fact is that even though stock records are dated on July 31st and since then a lot of wine has been sold, we are talking about large quantities. Actually, if we add the current grape harvest figures the total amount still increases significantly. Something surprising if you take into account the current high level of demand for Spanish red wine.
In short, slightly disturbing data that on the other hand help us build a more accurate picture of the current bulk wine market situation bulk. You can learn more at the official website of FEGA.