Napa Valley's grape prices hit a record high in 2017. Yeah, this seems to happen most years. The total value was $750 million, up about 3% even though the tonnage was down about 7%. Of Napa's total agricultural value wine grapes are 99.2%. Note this is for 2017; the 2018 numbers won't be in for a few months.
Cabernet Sauvignon, Chardonnay and Merlot account for 70% of the plantings and 80% of the value. Surprisingly, the grape earning the highest average price per ton was Cabernet Franc showing its rising popularity.
BTW, there was only a tiny percentage of vineyards lost to the October 2017 fires and 90% of the crop was already picked.
What's this mean to you? Higher prices for Napa wines.
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