Photo by Joe Raedle/Getty Images
Hide Caption

Global wine shortage looms: Should you hoard bottles?

a a a a
Share this story


If you love wine, you might want to start stockpiling your favorite bottles.

According to a report from Morgan Stanley Research, the wine industry is experiencing an undersupply of nearly 300 million cases a year, and that's not enough to keep up with worldwide demand. 

Researchers said global production of wine dropped by more than 5 percent last year, mostly due to bad weather in France and Argentina.

Americans consume 12 percent of the world's wine, but produces just 8 percent. 

The French drink more wine than any other country, according to the report.


Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Print this article


Hmm... It looks like you’re not a WCPO Insider. or Subscribe now to contribute!