Oct 31, 2013
By Jane Brown
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.