SANTA BARBARA (CBS) — Be sure to enjoy your next glass, wine aficionados: prices for your favorite vino are expected to jump in coming months.
Wineries in Santa Barbara and along the Pacific coast are likely to begin raising prices amid a decline in the supply of grapes, according to a new industry forecast.
The annual State of the Wine Industry Report (PDF) predicts that prices for California wines will be first to rise, followed by wine from Oregon and Washington State.
Jim Fiolek, Executive Director of the Santa Barbara County Vintners’ Association, told KNX 1070’s Ron Kilgore the spike in pricing is the result of extreme weather conditions.
“We’ve had a couple years in a row where, in our particular area, we had a frost where some vineyards lost as much as 30 percent,” said Fiolek. “That takes a big chunk out of inventory.”
Fiolek stressed that while not…
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