BAD WEATHER IN EUROPE BLAMED FOR WORST GLOBAL WINE SHORTAGE IN 40 YEARS

Oct 31, 2013

By Jane Brown

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Time to stock up on your favourite wines before prices increase.  A new report by Finance Firm Morgan Stanley says the world is facing a wine shortage.  It says demand is far outstripping supply, partly due to bad weather in Europe.  In fact, the world was 300-million cases short last year, the deepest shortfall in over 40 years.  It means choices of wine could be reduced and prices may rise.

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