Wine Industry Experiencing Global Shortage

By: CNN Email
By: CNN Email

It could be troubling news for wine lovers.

The industry is experiencing an "undersupply 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% of the world's wine, but produces just 8%.
The French drink more wine than any other country.

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