US: Experts predict rebound in wine prices, plantings
US: Experts predict rebound in wine prices, plantings
Jan 26, 2012 6
(Recordnet) - The U.S. wine industry is emerging from a decade marked by supply surpluses, low prices and the Great Recession and now sees explosive growth in diverse array of wine products that promises to support higher prices for both wine and grapes.
That's the consensus Wednesday from industry experts and officials gathered this week at the Sacramento Convention Center for North America's largest annual wine and grape trade show.
And it's good news for San Joaquin County grape growers and the more than 80 Lodi-area wineries and tasting rooms that trade on the fruit from those vineyards.
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