Spirt of Philadelphia First Friday 2017 Leaderboard

Brace Yourself: A Wine Shortage is Imminent

by Alexander Frane on Nov 6, 2017 in Wine

 
Amongst all the bad news and catastrophes of 2017, at least we have had wine to help us manage. But now even that simple luxury is threatened, as European wine production plummeted this year. CNNMoney reports that Europe is bracing for the lowest yield in decades, dropping 14% from 2016.

The wine shortage is due mostly to terrible weather conditions, including spring frosts and overly warm weather causing droughts. Of all the countries, Italy was hit hardest, with dropping 21%, while France and Spain slipped by 15%. Together, the three countries produce half of the wine consumed globally. California, the fourth largest wine producer in the world, is in no position to pick up the slack either, after horrific, fatal wildfires swept through the state’s major wine regions in September.

With all of this loss of wine, market analysts are predicting a spike in cost, so if you can, get out there and stock up on your vino now.

Photo via Flickr user Gamma Man 

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