US Wine Consumption on the Increase

Despite the low dollar and some crop failures, Americans continue to imbide.

http://www.sthelenastar.com/articles/2008/01/24/features/food_and_wine/doc479811e15abe7776921327.txt

 

New Crop Looking Good!

The 2007 crop is starting to roll in.

 

Latest news from Australia is not good. Forecasts for the grape crop is a prediction that volume will be at least 50% down due to the severe drought. In one region, the water allocated for agricultural crops including grapes has been reduced by 90%. Predictions are that hundreds/thousands of grape growers may go out of business this year. Australian wines will likely see a big increase in price to compensate for the reduced volumes.