10/31/2013

Wine-industry experts and analysts are disputing a global wine-shortage prediction made by a Morgan Stanley report released this week, saying that "wine production has actually increased significantly and that consumption is stabilizing," this article says. "Morgan Stanley's report is just wrong. ... Analysts must have looked at the decline in Europe but didn't take into consideration that growers there were overproducing," said Rob McMillian, executive vice president and founder of Silicon Valley Bank's wine division.

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