US WINE PRICES
April 1st, 2002
BY PHILIP FINE
SURPLUSES and high quality imports seem to be causing a slide in US wine prices. "There is a lot of wine out there to sell right now," Gladys Horiuchi, spokeswoman for San Francisco's Wine Institute, told the Los Angeles Times. "It's highly competitive," she said, "so many are having to compete on price." Horiuchi said the strong US dollar has made imports cheaper and helped secure such countries as Australia more space on supermarket shelves. For wines selling under US$8 (5.50 UK Sterling), the price of a case slid ...
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