Global wine shortage 'deepest in 40 years'

31 October, 2013

The world is facing its biggest wine shortage in 40 years according to a report by Morgan Stanley Research in the US.

The report suggested that global demand in 2012 exceeded supply by 300 million cases.

It said Europe faced “plummeting production” because of “vine pull and poor weather” and that the global situation was “the deepest shortfall in over 40 years of records”.

The report's authors, analysts Tom Kierath and Crystal Wang, said that “inventories will likely be reduced [in the short-term] as current consumption continues to be predominantly supplied by previous vintages”.




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Looking back to look forward

Wine is a liquid time capsule. Drinking older vintages not only recalls the weather conditions and winemaking styles of the past, it encourages us to reflect upon our own histories. Such reminiscence often inclines towards romanticised nostalgia. Especially after the second bottle. But looking back is a great way of learning about the future.

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