Report suggests global wine shortage is coming - Fox 2 News Headlines

Report suggests global wine shortage is coming

Posted: Updated:
(WJBK) -

Say it ain't so!

A global shortage of wine is fast approaching.

A report by Morgan Stanley Research shows data that suggests there may be insufficient supply to meet demand in coming years. Wine consumption across the globe has increased at such a steady pace that demand could soon topple over the supply.

A major reason is because wine production in Spain, France and Italy, the world's three largest wine-producing countries making 60 percent of the world's wine, has sharply decreased as less land is being used to grow grapes.

Last year there was an undersupply of 30 million cases, which is the largest shortfall in 50 years.

The U.S. and China consume the most wine.

Fox News contributed to this report.

LINK: Click here to

  • Download the FOX 2 Apps

  • FOX 2 News Five-Day Forecast
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices