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 / Rumor	Parties involved	Size (public note)	Geography	Source / date
Purchase Calmére Estate (Napa)	Anonymous Chinese investor / Peju family	~ 16.8 M USD	USA – Napa Valley
Pasqua Wines Investments	Pasqua Wines (Italian company)	not publicly stated	Italy (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.