Thread

1. dluan · 1790650752 · focus · HN ↗

   Because of years of trade war, American wine industry is taking a beating around the world and a lot of Australia, NZ, and South Africa is picking up that slack. Even niche producers like Chinese and Japanese wine industry are very quickly maturing into real home-grown industries. The biggest market for California has always been Asia, and it's been near impossible to stumble into Opus One the way you used to be able to in Tokyo, Hong Kong, Beijing, etc.

   Old world has always been able to be flexible, eating these kinds of punches by pivoting into NA or brandy during gluts, and demand has less fluctuations. This contraction, like a lot of everything else happening in the US, maybe was already coming because of some trends overlapping, but policy threw gasoline onto a combustible and fragile situation.

   1. hattmall · 1790651047 · focus · HN ↗

      Ok, so does this mean prices in the US will go down? I keep seeing stuff about countries shifting away from US goods but prices seem to continue to rise.

      1. linuxftw · 1790651827 · focus · HN ↗

         Many wines are already well under $10/bottle. Plenty of cheap wines already, I don't think there's room for prices to go down much farther.

         1. SoftTalker · 1790652746 · focus · HN ↗

            Even at $10/bottle, food is too expensive now for a lot of consumers to splurge on wine. I drink water with my meals almost exclusively now.

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