wine_glass_splashHere’s a sobering thought for you. A global wine shortage may be around the corner.

According to a report released this week by Morgan Stanley Research, there was a global undersupply of about 300 million cases of wine in 2012, the largest deficit recorded in almost 50 years.

A major reason is because wine production in Spain, France and Italy--the world’s three largest wine-producing countries making 60 percent of the world’s wine--has sharply decreased as less land is being used to grow grapes.

Meanwhile, wine consumption worldwide has increased 8 percent since 2000. The report finds that wine production peaked in 2004 and has been steadily declining ever since.

“The data suggests there may be insufficient supply to meet demand in coming years, as current vintages are released,” the report concludes.

While Europe produces a majority of the world’s wine, consumption is decreasing in old world countries like France, Spain, Italy and the U.K. But the decline in European consumption is greatly offset by an increased demand in countries like the U.S. and China. According to the report, both countries are projected to consume over 400 million cases of wine each by 2016.

The U.S. guzzles roughly 12 percent of the world’s wine and has doubled its per capita consumption since the start of the century. In China, wine consumption has increased almost online viagra 150 percent in the past five years.

There is some good news in all of this. Another report released this week by the International Organisation of Vine and Wine suggests that there will be a global increase in wine production in 2013. However, the report also states that the world’s vineyards are shrinking and it will be hard to make supply keep up with demand in the long run published Oct. 30, 2013


2012 Harvest Snapshots
2012 was a bit of an atypical vintage across Europe. The weather was difficult through the spring and early summer, and even later in some regions, which generally delayed the vegetative cycle and set the vines back from the get-go.

Additional issues arose throughout the year, including high temperatures and either too much or too little rain, depending on where you were. In England, which is not exactly the most consistent wine producing region, it has been a near disaster of a vintage with the most important winery, Nyetimber, opting to skip the vintage entirely.

Fortunately for many regions, rain, more moderate temperatures and an Indian summer were able to rescue many vines. Still, many early harvested varieties were not able to shake the character imparted by the hot, dry summer growing season. Of course, there are different conditions and viagra no perscription usa opinions regarding the quality we can expect from the top regions in Europe. In all likelihood, most of the opinions are based as much on hunch as on fact. We’ll have to wait until the wines are made and have a chance to settle down before we will really know what they’ll be like. For the sake of argument, here's a look at the early line on some of the most important regions.

2012 Tuscany
It was a very warm summer in Tuscany, on par with the scorcher that was 2003, but the wines may not much resemble those benchmarks in ripeness. Two significant differences distinguish 2012 from 2003. The first is water reserves, which were significant in 2003 and significantly lacking in 2012 after a dry winter and a rain free summer.

The lack of water has slowed the vigor of many vines and will result in a shorter crop. Whether the fruit harvested will exhibit the roasted qualities of 2003 or not is left to be seen. They do have one factor working in their favor, the heat of 2012 was daytime heat, with cooler nights allowing the vines to recover from the stresses of the days. This was an advantage missing from much of 2003's summer.

Rain in September has refreshed the vines in many cases, but it is doubtful than anything can be done to fundamentally change the character of the vintage. The early line is that the wines will be far better structured than the 2003 wines but will share the traits of high alcohol and dark roasted flavors with that vintage.
 2012 Piedmont
Piedmont, like much of Italy, saw a damp spring rich with rain and cool temperatures. Fortunately, the ensuing summer was quite warm, with several producers noting that this seems to be the new normal for the region. Surprisingly though, the late summer and early fall returned to a classic pattern of cool nights and warm days, sprinkled with rain here and there.

Early season varieties, such as Dolcetto, show more signs of the stresses of the vintage. The rains and cooler temperatures that arrived in August and September were able to refresh the late harvest varieties such as Barbera and Nebbiolo. The return of typical autumnal weather allowed these varieties to benefit from extended hang time in the vineyards, which in turn promises to produce a crop of rich, powerful wines that retain freshness and balanced, ripe structural elements. In short, it looks likely to be another high quality vintage that straddles the line between classical and modern flavor profiles.
 2012 Germany
There is enthusiastic talk of the 2012 harvest coming from Germany. Producers seem excited about the prospects warm days and cool nights have created. This is in stark contrast to early reports of cold, wet conditions of the spring and early summer and the problems with flower set and mildew they created.

Volumes are down slightly, but the quality is very high with aromatic and fruit-driven wines seeming to define the style of the vintage. Of course not all the grapes are in yet, though the grapes harvested have seen some of the best sugar levels in about a decade, promising a bumper crop of high quality sweet wines in 2012.
 2012 Burgundy
Burgundy experienced one of the most depressing starts to a season in recent years. Temperatures remained below normal and were accompanied by relentless wet weather from late spring through early summer. The season retarded the vegetative cycle of the vine and promoted mildew and fungal problems. Compounding the impact of this slow start was significant hail damage in the Cote de Beaune during the summer.

The season was turned around with exceptional warm, sunny and dry weather from about the middle of July through the harvest. Quantities are down, severely so in those regions most affected by the hail. In Volnay, hail further reduced the already modest crops, originally impacted by the bad weather of flowering. Yet, early reports are that the fruit is ripe, concentrated yet fresh, and showing fine balance. This promises to be another vintage that will have a significant impact on the marketplace. With such modest quantities and great quality, there will be further pressure to drive up prices of fine Burgundy. The high prices of today for the best 2011 and 2010 wines may well turn out to be bargains.

 2012 Bordeaux
The story in Bordeaux mirrors that told across much of Europe. The start of the season was delayed by a cool, damp spring and a late arrival of the warmth of summer, but when summer did finally arrive, it was on! Summer temperatures were above average and the weather was dry, resulting in regional stress of the vines and a relatively slow development. This remained true right through the season, with harvest delayed by one to three weeks across the region by late arriving rains towards the end of September. Producers have been optimistic that these late rains helped return some balance to the fruit on the vines and that an Indian summer can propel the grapes over some of the hurdles on the way to high quality, mature fruit.

When the fruit did approach maturity, there were distinct issues with physiological ripeness landing some of the technical indicators. Harvest was further extended with some late ripening varieties still on the vine. Late harvest vines of Sauternes and other sweet wines are still to be harvested. It's too early to tell where the quality of the wines of 2012 will end up, as there are equal choruses of “great vintage" and "winemaker’s vintage” emanating from the region. Bordeaux is expert at talking up its wines, but time is important here. My gut is that this is, in fact, a winemaker's vintage and that time will show who truly understood the vintage. I expect quality to be above average but uneven.

Thanks to Snooth for data!slide=7

As you may or may not know, Vintages Wine and Spirits offers viagra pills free in-store wine tastings every Saturday from 3-5 in the afternoon.  In part 3 of our mini-series we finish up our tasting and pairing with the Australian Cabernet Sauvignon.  Be sure to come visit us the next time you are in downtown Colorado Springs.

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As you may or may not know, Vintages Wine cheap canadian viagra and Spirits offers free in-store wine tastings every Saturday from 3-5 in the afternoon.  In part 2, Erin and Jeff explore a delicious Spanish Tempranillo and begin tasting an Australian Cabernet Sauvignon.  As you can see from the video, you should be visiting the store for our wine tastings.

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As you may or may not know, Vintages Wine and Spirits offers free in-store wine tastings every Saturday from 3-5 in the afternoon.  Erin and Jeff took some time recently to taste the offerings on camera to show not only the great wines being offered, but also how the wines pair with viagra on line a range of foods.

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Erin recorded a new video blog to talk about the Chardonnay grape and why you should be adding it to your "wines to drink" list.  Mention that you saw the Chardonnay blog while you are at Vintages and get a bottle of the Russian River Chardonnay for only $25!

PS Note from Erin: These videos generic prescription viagra are great, and they give you a good idea of what you can expect from the wines that we try.  But one thing we can't really capture is how the wines open up and change after they have been poured.  This was really apparent with the Russian Hill.  Over the course of the evening this wine became more complex and elegant going from a delicious bottle of wine to one that was truly memorable.

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