Silicon Valley Bank released its State of Wine Industry report. Highlights:
1. Growth in "premium" wines (wines costing more than $10--that shows you how far up in the wine price curve you are!) is slowing dramatically, probably due to the movement of Boomers away from wines (as they develop age-related health issues, and/or die), and the relatively higher support among Millennials for hard liquor, with less demand for wine. Also, many Boomers who still drink a lot of wine are transitioning to slightly less-expensive wines, as they begin to adjust to a retired life on a fixed income.
2. Ultra-high-priced wines will have difficulty raising prices.
3. Most wine consumers are still moving up in the price curve, but this is predominantly moving up out of the $4-$7 price range, to prices barely higher than that.
Here's the article.
(photo credit to google.com; pictured are some hyper-expensive wines)
Two more examples why you should be VERY cautious before paying, say, $25 or more for a bottle of wine:
Jane made a fabulous veggie lasagna, with Beyond Meat crumble that is a very good faux ground beef. The sauce (both red and Bechemel) was gr...
There are reasons to think that wine consumption will slowly decline in the US, according to this article by Rob McMillan. Crushing stude...
1. Is this a good or a bad year for grapes, here on the wet (west) side of the Cascade Mountains? That is still hard to say for sure, but th...
The dinner we made was outstanding: Cuban-style pork, slow-cooked with lots of onions, garlic, carrot, celery, tomato, and enough smoked pap...