Bottoms up: Wine’s going to cost less in 2020

Feb 19, 2020 - Fortune

Wine down Wednesdays could be a lot more budget friendly this year.

A State of the Wine Industry report from Silicon Valley Bank says wine growers are facing an “acute oversupply” that will result in lower prices in 2020 and likely for several years to come.

“Acute oversupply will allow for better-quality juice in lower-priced bottles, which will improve value and may provide an incentive for some millennials to become more consistent wine buyers,” said Rob McMillan, executiv...