Wine is expected to get a lot more affordable due an oversupply of California grapes - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Wine is expected to get a lot more affordable due an oversupply of California grapes

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Wine prices are projected to hit a five-year low in 2020 due to a surplus of California grapes and shrinking demand industry-wide, reports say.

Millenials' relative lack of wine consumption contributes to the decreased demand, but bargain prices could entice millenials to start buying more.Wine prices are expected to hit a five-year low this year thanks to a California grape surplus and a declining demand for wine,The wine industry is currently suffering from a decline in demand and the additional supply could lead to waste. For consumers, this means better bang for your buck.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I’ve tasted different types of wine from Napa and Sonoma in my travels to Cali and I’ve appreciate em a lot. Winegrowers are doing a great work!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines