Why you’ll pay more for California wine this year
on 18/01/13 at 1:49 pm
You might think that a flood of primo wine into the market after one of the best grape harvests ever in 2012 might mean lower prices per bottle. You would be wrong.
Silicon Valley Bank’s State of the Wine Industry 2013 report included a survey of winery operators and found that small price per bottle increases are planned for the year ahead.
That could be because winery owners are seeing a tougher 2013. The report forecasts slower growth in 2013 than in the last two years, dropping from an industrywide 11-15 percent growth in 2012 to 4-8 percent growth in 2013.