World Wine Shortage of 1.3 Billion Bottles Seen as Output Slumps
World Wine Shortage of 1.3 Billion Bottles Seen as Output Slumps
Oct 18, 2012 6
(Bloomberg) - The world faces a wine shortage equivalent to 1.3 billion bottles next year after production slumped in France, Italy and Spain, the main suppliers, according to the biggest French wine cooperative.
“It’s historic,” Bertrand Girard, chief executive officer of Groupe Val d’Orbieu, said today at a press conference in Paris. “We’re short of wine. We’ve never seen that in three or four decades.”
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