Guess it's time to stock up..

Drink up! Price of American wine set to rise

http://www.msnbc.msn.com/id/47077654/ns ... uS1Q.email

Load of fiffle-faffle. Scare tactics !

Decent quality American wine is already too expensive for more than a trickle to be available on this side of the Atlantic. I presume that the export market is not important to US producers, contrary to those from the Southern hemisphere, but I pity American wine-lovers if the promised hike really happens. Hopefully it may lead to a rediscovery of some European wines especially if the value of the Euro slumps as some experts say that it should .

I have to say that working in the store downtown I note that generally, for the average wine buyer, USA is not high on the list. Especially in the $20/25 range.
Italy is coming on strong, along with Spain, Chile and Argentina. Punters are still going to the Australia section for a $22 bottle of shiraz.

Load of fiffle-faffle. Scare tactics !

I just hope they are correct about the decline in European wine prices!

JB

[David M. Bueker]

Ooh...a decline in grape supply...yeah, we've heard that one before.

They're idiots.

A decrease in supply only impacts pricing when the market's already clearing. It's not, so it won't.

I understand that grape deamand has increased. However, it has increased over what was a glut of grapes and wine on the market. It wasn't all that long ago that quality grapes were being turned into wine for the bulk market. So I think the real question is where this decrease in supply is really going to be felt. Since the lowest price points in the market benefited from the glut since they could get higher quality grapes at same or lower cost, I would expect that to be the place where this impact is noticed the most. I would not expect to see much impact, at least initially, at the $20/btl+ price point.