Silicon Valley Bank, the leading financial institution for the wine industry, forecasts in its annual State of the Wine Industry Annual Report that wine sales will increase six to 10 percent in 2014. Just last year, Morgan Stanley was predicting a global wine shortage.
The wine industry has bounced back from the recession quicker than the rest of the economy,
The news is good for consumers because the 2012 and 2013 huge harvests of high quality fruit will result in discounts in the $10 to $18 a bottle range.
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