Wine lovers will have something to toast about this year: Prices from several origins are set to become cheaper.Prices of generic wines from Spain and Italy are easing because of a large harvest in 2018, while bottles from Argentina have become less costly due to the devaluation of its currency, Rabobank International said.“Bulk wine prices at the end of the year started to reflect the impact of the large 2018 crop in Europe, with prices for Spanish and Italian wines showing the most relevant contractions,” Rabobank analysts led by Stephen Rannekleiv wrote in a quarterly report.
Wine Prices May Be Lower This Year
Bloomberg News, The Gazette (Cedar Rapids)
Tue, 02/05/2019 - 2:57pm
Sections: u.s.
Topics: Iowa Linn County Cedar Rapids
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