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Want to buy some Napa Cabernet grapes? No problem. And Russian River Pinot Noir can be had by the truckload. As summer turned to fall, California was facing its largest oversupply of fine-wine grapes in decades. While that’s bad news for growers, consumers are in for a potential bonanza the next year or two. Contracts typically would have been signed months ago, but growers have been left hanging, along with their grapes. The problem is the recession. Consumers are buying less wine in the $20 and higher range, and wineries, retailers and wholesalers have a backlog of inventory.
For the full article, check out the new issue of Wine Spectator, on newsstands September 22, 2009.
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