Wine Prices Expected to Drop Due to Grape Surplus
Wine lovers are in for some good news that will also be kind to their wallets.
Per ABC News 7, there is currently a surplus of “quality grapes,” which will lead to higher-quality wines being available at lower prices. How much of a price cut and when those cuts will happen is not detailed, but the Allied Grape Growers said in their recent newsletter that “an estimated 100,000 tons of grapes were left hanging on vines without buyers last year.”
ABC News 7 also says that wine demand is decreasing, and California wine exports have been dropping since 2014. Well, if you’re trying to buy more products made in the United States AND get your drink on, perhaps you should consider looking into purchasing more wine made in California. The price will likely be right!