2013: The Biggest Global Wine Shortage in 50 Years
Say it ain’t so! We’re apparently right in the middle of one of the biggest global wine shortages in 50 years!According to QZ.com, the wine industry is experiencing an “under-supply of nearly 300 million cases” a year. We can blame bad weather in France and Argentina for part of the problem, but worldwide wine production dropped 5% last year while consumption went up. This year looks like it should be much better than last, as far as production goes, but one good year won’t erase the under-supply.
What does it mean for you? With over 1-million wine producers around the globe I doubt we’ll be running out of it any time soon, but I would guess “less wine” would mean “more expensive wine” if this trend continues.
Drink it while you can, or stockpile it for later?…The choice is yours.