Wednesday, October 30, 2013

A Great Global Wine Shortage Is Here—and It May Only Get Worse (Um...or BETTER for us!)

According to Morgan Stanely's recent report, last year saw the worst wine shortfall in a half-century. And there's little indication that world production can keep pace with the wine-loving hordes.
"At the current pace, a global shortage of wine is fast approaching...Lagging production in the world’s three largest wine-producing countries—Spain, France and Italy—is largely to blame...The US and China alone are projected to consume over 400 million cases of wine a piece by 2016." - The Atlantic
Who will supply them?  Argentina!  Morgan Stanley says net exporters such as Australia, Chile, Argentina, South Africa and NZ are best placed to benefit from increasing demand on global export markets.  It may be inferred that this can only mean good things for the demand of Algodon Wines.

Watch CNN’s coverage here:

Click here to read CNN's coverage.

- Scott Mathis