Rose fans you might want to sit down for this one. The International Organization of Vine and Wine reported world wine production fell to a *60 year low.* Total production hit 250 million hectoliters last year, and that was down 8.6 percent from last year... Poor weather conditions in the European Union was the culprit.
So Myles - how are you preparing for this tragedy come summer Rose season?
And we should note shares of wine distributors like Constellation Brands and Diageo are down today.