Extreme Weather, Crop Losses Blamed For Coming Spike In Wine Prices
Extreme Weather, Crop Losses Blamed For Coming Spike In Wine Prices
Apr 18, 2012 6
(CBS) — Be sure to enjoy your next glass, wine aficionados: prices for your favorite vino are expected to jump in coming months.
Wineries in Santa Barbara and along the Pacific coast are likely to begin raising prices amid a decline in the supply of grapes, according to a new industry forecast.
The annual State of the Wine Industry Report (PDF) predicts that prices for California wines will be first to rise, followed by wine from Oregon and Washington State.
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