Wine Report of October 18, 2025

on the main news in the world of wine and wineries, with a strategic eye for those working in the sector.

Recent Key Points

  • Italian wine exports in the first months of 2025 reached approximately €2.8 billion (with an estimated harvest of 47.4 million hectoliters, 8% compared to 2024)
  • However, updated Istat data show a slight drop in Italian exports in July: -0.9% in value and -3.4% in volume compared to 2024, signalling tensions (also linked to US tariffs)
  • In Tuscany, a voluntary reduction in yields is expected for 2025: from 2.7 to 2.4 million hl, with the aim of protecting quality, reputation and prices.
  • Italian vineyards report a slight delay in the harvest (5-7 days compared to 2024) but good general conditions of the fruit, promising quality and the absence of widespread emergencies
  • Sustainability innovation: Recent studies highlight the growing role of AI applied to viticulture, production, and wine tourism as a driver of efficiency, forecasting, resource savings, and experience personalization.
  • On the M&A front, the recent cash purchase of the Calmére winery (Napa, USA) for $16.8 million by an anonymous Chinese investor, with plans to expand and build brands aimed at Asian markets.
  • In Italy, Cantina Pasqua (Verona) announces investments to strengthen corporate vision, innovation and structural renewal on the occasion of its centenary

M&A Radar

Deal / RumorParties involvedSize (public note)GeographySource / date
Purchase Calmére Estate (Napa)Anonymous Chinese investor / Peju family~ 16.8 M USDUSA – Napa Valley
Pasqua Wines InvestmentsPasqua Wines (Italian company)not publicly statedItaly (Veron

Prices & Harvest (mini box)

  • Estimated national harvest: 47.4 million hl for 2025, up from last year.
  • In Tuscany: estimated production reduced to 2.4 million hl from 2.7 million in 2024, as a preventive measure to maintain quality/price balance.
  • Harvest trend: slightly later harvest (5-7 days) compared to 2024 but with “healthy” grapes and good general conditions
  • Stocks: as of July 31, 2025, there are approximately 39.8 million hl in registered stock, which will be added to the 2025 production
  • Bulk grape/wine prices: no reliable updated national values (or broken down by variety/region) emerge from recent sources — the focus today is predominantly on quality and positioning dynamics.
  • Weather/Yield observation: No phytosanitary emergencies have been detected nationwide; some areas have been monitored for water stress and phenological delays, but so far without significant structural losses.