OH NO! Are We Facing a Global Wine Shortage?!?

Global Wine Shortage

OH NO! According to a report over at Quartz, wine production simply isn’t keeping pace with demand. Here is a snip:

Last year, global supply for wine already barely exceeded demand. Adjusting the demand to include non-wine uses (such as making vermouth), there was actually an undersupply of about 300 million cases, marking the largest such shortfall in almost 50 years.

I love wine, and the thought of limited supply – which will lead directly to rapidly increasing prices – is terrible!

But apparently not everyone is buying it. Over at SFGate they are saying that despite demand, increasing production and better means of controlling production, means needs will continue to be met:

“Analysis of this sort is a bit of a challenge,” he said. “Spain, Italy and France had much better harvests this year than what was expected – even increases over previous years. There’s no looming shortage that we can see, barring some unforeseen shock to supply or demand. All you have to do is look at bulk wine pricing, which has really been coming down, to realize there’s no shortage.”

In other words …

5 thoughts on “OH NO! Are We Facing a Global Wine Shortage?!?

  1. I know – when I got the email about the Quartz article I was concerned, and while I don’t think SFGate really has the global perspective covered, I think that the ideas some have about how the changes in grape growing and harvesting are making up for the increased demand.

    We live near the Finger Lakes in NY, and when I was a kid NY state only had that crappy ‘grape juice wine’, but over the last decade or two has become the second largest and award-winning place in the US outside of California. When we drive up the side of the lakes, there is just grape orchard after grape orchard. Old dairy farms have been converted, and also apple orchards. Loads of money in grapes, apparently.

    So I am not too worried. It was also a reminder of how many times we see an article with a singular, narrow viewpoint based on a report – and rather than research what is really going on, websites (even big ones) just echo the report in an effort to get hits.

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