Wine Production Drops

Posted on: 2:53 pm, October 30, 2013, by , updated on: 06:04pm, October 31, 2013

Wine figures

(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.