# Thursday, 08 November 2012

A world wine shortage has been predicted after experts forecast production will slump to the lowest level in 37 years. Output has been affected in many areas by adverse weather conditions with France’s harvest being affected by winter drought, hailstorms and an arid summer and Italy's crop also suffering weather damage although on a less severe scale. Production is also expected to fall in Argentina, Spain, Hungary and New Zealand. The fall is expected to push up prices as demand exceeds supply.