Fed2 Star - the newsletter for the space trading game Federation 2

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by ibgames

EARTHDATE: November 3, 2013

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REAL LIFE NEWS: WE’RE RUNNING OUT OF WINE!

by Hazed

Terrible news – we’re heading for a wine shortage!

Morgan Stanley Research has examined the wine industry and reports that demand is outstripping supply to the tune of about 300 million cases a year.

There are one million wine producers worldwide and their total output is 2.8 billion cases each year. That sounds like a lot of wine, but it’s not enough to keep up with the worldwide demand.

It’s also not helped by the fact that global production fell last year by more than 5%, mainly thanks to bad weather in France and Argentina. Meanwhile, worldwide consumption rose by 1%.

Demand is likely to keep on rising because wine has become particularly popular in China. The country’s economy is booming and the standard of living is rising, and with it comes a taste for wine. US consumption also rose by 2% last year.

The US wine industry is growing, and China is also producing more wine of its own, but production in Europe has dropped and that from new producing countries such as Argentina, Chile, Australia, New Zealand and South Africa has peaked.

Maybe I’d better stock up…

Source: http://money.cnn.com/2013/10/29/news/economy/wine-shortage/index.html?hpt=hp_t3

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