Wine Prices are on the Decline!
Wine prices are on the decline and now is a perfect time to grab a bottle. The wine industry is experiencing an excess supply currently in the market and it's causing prices to drop. It's interesting to see that wine prices in America are dropping even though our consumption rate is increasing. We are currently second on the list of the top wine drinking countries and we should be passing France sometime in the future. The falling prices in the U.S. are seen as a result to the falling consumption rate in other countries. We should see this pattern continue unless America's consumption rate increases even more, or other countries consumption rates start to rise instead of fall. This would eliminate the excess supply and drive prices back up to equilibrium, but until that day arrives go enjoy a cheap bottle of wine because it may not last too long!