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December 2000
U.S. Wine Production to Set New Record
U.S. Wine Production to Set New Record
by John Love
U.S. wine production in 2000/01 will likely surpass the record posted in 1997/98 (August-July). As a result, expect a sharp increase in exports, flat prices, substantial inventory accumulation, and pressure on grape growers to accept lower returns in 2001. The received wisdom has U.S. consumers buying up in quality, while holding the line on quantity. Moreover, with world wine supplies increasing, competition abroad is expected to intensify. On the financial front, high U.S. interest rates sock ...
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