NORTHAMPTON, Mass. (WWLP) - A new report finds they're not making enough wine to keep up with demand.
This is a case of supply not keeping up with demand and it's because of bad weather in major wine producing countries.
A new Morgan Stanley Research report found that global wine production dropped five percent in the last year. Researchers blame bad weather in countries like France and Argentina.
Provisions Wine and Beer store manager Gordon Alexander told 22News they have noticed a change. He says there's been a drop in production among inexpensive house wines.
“So where you first start seeing it is when there's a drop in production is in places like Burgundy Bordeaux, where you can't substitute something else easily,” said Alexander. “And burgundy production is way off in the last couple of years, and it's impacting price and impacting availability.”
Alexander says prices in the last couple of years have jumped upwards of 20%.
The report also found that Americans drink 12% of the world's wine. But the USA only produces eight percent of the supply.