Don't Worry About Rising Prices in California
In the long term, new vineyard plantings will shore up supply; in the short term, value abounds outside the Golden State
Posted: Apr 26, 2012 10:00am ET
There's talk of a pending grape shortage in the Golden State, and with it, the prospect of rising prices. Don't be concerned unless you exclusively buy California wines.
If California wine prices continue to rise—and that doesn't seem to be a widespread phenomenon—they will do so because of heightened demand. Typically that means brand by brand. As it is, California has long lagged the broader wine market when it comes to value anyway. People looking to get the most from their wine dollars shop across borders and oceans.
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