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CIATTI WORLD REPORT FEBRUARY 2014
By: CIATTI Global Wine & Grape Brokers

After several months of a relatively low level of activity, the bulk market "broke out" in the middle of January. Buyers, perhaps concerned about potential supply issues in California and the Southern
Hemisphere, ramped up their purchases over the past few weeks. Suppliers in California continue to
look for drought relief, as 2013 proved to be the driest year for California in recorded history.

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