The global wine drought that never was

“Recently the world’s media reported the alarming news that demand for wine has outstripped supply. Latest figures indicated a shortfall of 300 million cases in 2012, it was claimed… the world was facing the serious prospect of a wine shortage.  Scary graphs were published showing production dropping while consumption increased. But is it true?  All these news reports were based on a single piece of research carried out by the Australian research division of the investment bank, Morgan Stanley.  This made Reuters finance blogger, Felix Salmon, suspicious – especially when he realised the report was promoting an Australian wine company as a top stock pick to buy.”

http://www.bbc.co.uk/news/magazine-25401029

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