date:Oct 11, 2012
Growing demand in the US, China and other emerging markets is helping balance out a long-running over-supply of stock in the global wine market, according to a new report.
The latest quarterly study by banking group Rabobank, published yesterday (9 October), found that global inventories of commercial wine are at their lowest point in over a decade. And, the report says, stronger grape and bulk wine pricing in many markets means the industry is much closer to balance.
In Europe, the predicted