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Wine prices to rise?

A report in the Guardian (9 March 2018) suggests that he price of standard supermarket wines such as prosecco and pinot grigio could rise by up to 30% this year as the impact of 2017’s disastrous harvest is felt on the high street.

grapesThe International Organisation of Vine and Wine estimates global wine production dropped 8% to 247m hectolitres in 2017 – the worst global harvest since 1961. A hectolitre is the equivalent to 133 standard wine bottles, so the fall in output equates to about 2.9bn fewer bottles.
Last month the Bordeaux wine council said production in what is France’s largest wine growing region was down 40% with vineyards in Saint-Émilion worst affected by the severe frost. But while some chateaux lost up to 90% of their harvest, others escaped.

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