Wine Production Drops

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

(New York, NY) There is some troubling news for wine lovers.

Global production dropped by more than 5% last year.

It’s mostly due to bad weather in France and Argentina.

The industry is experiencing an “undersupply of nearly 300 million cases a year.”

According to a report from Morgan Stanley Research, that’s not enough to keep up with worldwide demand.