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New Research: Wine supply not enough to keep up with demand

New Research: Wine supply not enough to keep up with demand

By Krista Hostetler. CREATED Oct 30, 2013

California (KTNV) -- There is troubling news for wine lovers.

The industry is experiencing an under supply of nearly 300 million cases a year.

That's not enough to keep up with worldwide demand, according to a report from Morgan Stanley Research.

Global production dropped by more than five-percent last year, mostly due to bad weather in France and Argentina.

America consumes 12-percent of the world's wine, but produces just eight-percent.

The French drink more wine than any other country.

Krista Hostetler

Krista Hostetler

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Krista Hostetler is the Senior Web Editor for ktnv.com and KTNV Mobile.