Spain’s wine and must stocks reach 61.58 million hectolitres
INFOVI data show that inventories held by large Spanish producers and storage operators reached their highest level so far in the 2026/27 campaign at the end of September.
Stocks rise early in the campaign
On Monday, November 2, La Semana Vitivinícola reported INFOVI data showing that stocks of Spanish wine and unconcentrated grape must held by large producers and storage operators stood at 61.58 million hectolitres at the end of September. This was the highest level recorded so far in the 2026/27 campaign and represented a 13.8% increase from a year earlier.1
The year-on-year increase was 7.47 million hectolitres. The figures cover storage operators and large producers whose historical wine output is at least 1,000 hectolitres, and describe inventories at the end of the 2nd month of Spain’s new wine marketing year.1
When concentrated must was included, total stocks reached 61.82 million hectolitres on September 30, an increase of 14.25% from the same date in the previous year.1
Implications for the Spanish wine market
The larger volume available near the beginning of the campaign may increase storage requirements and affect negotiations among growers, wineries and buyers if inventories remain elevated. It may also provide more product for exports, blending, bottling or industrial applications, depending on demand.1
Stock levels are monitored as an early measure of supply pressure in Spain. Producers and traders assess cellar capacity, domestic sales, exports, new harvest arrivals and outgoing shipments; a continuing accumulation can put pressure on origin-market negotiations, while a quicker reduction can ease constraints on storage and pricing.1
The information originated with INFOVI, Spain’s wine market information system. Because Spain is a major wine producer and exporter, changes in its inventories can also influence the timing and volume of offers made to international buyers.1
Sources
Written by the Dionysus editors from the sources above.
