Drink Up! Price Of American Wine Is Set To Rise -- MSNBCGroup predicts California vintages will see upturn first, then spreading through US supply.
NEW YORK — U.S. consumers are going to be faced with a choice this year: pay more for a bottle of domestic wine, settle for lower quality, or buy cheaper imports, the Silicon Valley Bank forecast on Tuesday.
SVB, a commercial banker to the wine industry, said in its latest "Annual State of the Wine Industry Report" that it expects vintners to raise prices as the supply of grapes declines and evolves "into a state of shortage that will last for some time domestically."
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My Comment: The imports are not that bad.
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