World may witness shortage of wine

World News
31-10-2013 | 07:14
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World may witness shortage of wine
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World may witness shortage of wine

A gulp-worthy report released by Morgan Stanley showed that global shortage of wine is looming on the horizon despite that demand for wine, which is increasing, especially in China.

Bad weather coupled with vineyards decreasing in size led to the decrease of global production which dropped by more than 5% last year, with an under supply of about 300 million cases.

It's the steepest decrease in wine production since the 1960s.

Production in Europe, which produces over half the wine in the world, decreased by 10 per cent last year.
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