Possible Wine Shortage May Boost Israeli Wine Exports

New research released by Morgan Stanley Research shows there was a global undersupply of about 300 million cases of wine in 2012, which is the largest shortfall in about five decades. At the same time the global wine consumption has increased 8 percent since 2000. The report says wine production has been steadily declining since 2004. if this forecast will prove true, the global wine shortage may boost Israeli wine exports.