"The price of wine is dropping fast"

[1d10t]

"The price of wine is expected to drop to its lowest levels in five years thanks, in part, to a surplus of California grapes.
Combined with a decreased demand for wine, drinkers can expect to get better value for every drop they drink this year. The cheaper prices may even last up to three years."

https://www.cnn.com/2020/02/16/business/grape-surplus-cheap-wine-trnd/index.html

 

[sour_grapes]

Yeah, when I read that article, I couldn't decide it was good news or bad news. Hope it does not portend long-term ill for the wine industry.

 

[Johnd]

Yeah, when I read that article, I couldn't decide it was good news or bad news. Hope it does not portend long-term ill for the wine industry.

I’m on the fence about this as well. A healthy industry is important just as much for the big guys as well as the mom and pops. On the other hand, some serious wine price correction is needed in some areas.

 

[1d10t]

The implication is that perhaps we should make as much as we can for the next three years?

 

[Sally Scheibner]

Glad I’m going back to winemaking. Gotta stock up on frozen fruit & juice. Love this forum!