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- Featured on 4
Wednesday, October 30, 2013 - 10:38am
There is 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-percent of the world's wine, but produces just eight-percent. The French drink more wine than any other country.