Page 1 of 1

World wide wine shortage?

Posted: Thu Nov 01, 2012 1:41 am
by Bacchus
This can only be bad news for pricing, perhaps even for mediocre vintages. Should we buy now whatever remains on the shelves from this past decade, since so much of it is pretty good?
http://www.bloomberg.com/news/2012-10-3 ... -year.html

Re: World wide wine shortage?

Posted: Thu Nov 01, 2012 2:34 am
by DavidG
I'm guessing this is going to hit the bulk wine and <$10/btl segment a lot harder than most of the stuff we talk about here.

Re: World wide wine shortage?

Posted: Thu Nov 01, 2012 2:43 am
by Tom In DC
I'm not worried, for a couple of reasons:

a - there has been such a surplus of wine grapes worldwide for a few years that many countries have been buying them to use to make alcohol fuel; and

b - the wines we discuss/chase/consume here are very, very far out of the "world winegrape production is down xxx%, prices will rise" realm.

We have a lot more to worry about when Chateau XYZ says they're being more selective and will only put 40% of their grapes into "le Grand Vin."

Re: World wide wine shortage?

Posted: Thu Nov 01, 2012 4:19 am
by Houndsong
All these "peak production" scenarios are a bunch of Malthusian horseshit. You know Goldman Sachs is on the other side of this trade.

Re: World wide wine shortage?

Posted: Thu Nov 01, 2012 7:00 am
by Bacchus
All true, I just thought we needed something to talk about other than the election. :-)

Re: World wide wine shortage?

Posted: Fri Nov 02, 2012 2:22 am
by Claudius2
Guys
If you think there is a world wide shortage I have a swamp for sale you'll be interested in.

Re: World wide wine shortage?

Posted: Fri Nov 02, 2012 3:31 am
by JonB
If this is in Brooklyn, I'll buy it!

Re: World wide wine shortage?

Posted: Fri Nov 02, 2012 11:36 pm
by marcs
Bacchus wrote:This can only be bad news for pricing, perhaps even for mediocre vintages. Should we buy now whatever remains on the shelves from this past decade, since so much of it is pretty good?
Yes, definitely! Winesearcher has 5.4 million bottles available right now. If I cash in my 401K I can afford about 1500 cases. How much are you in for?

Re: World wide wine shortage?

Posted: Sat Nov 03, 2012 9:36 am
by Claudius2
Jon
Can't do NY but how does Tasmania (Aust) sound??