Rob McMillan, founder of Silicon Valley Bank's Wine Division and author of the annual wine industry report, predicts American wine consumers will enjoy "the best retail wine prices in 20 years."
Wine consumption in the United States is down for the first time in 25 years, as more Americans turn to wine and ready-to-drink cocktails. At the same time, California’s surging grape production has led to a surplus of grapes being sold on the secondary market for brandy and concentrate, but those markets are often unsustainably profitable for growers. California growers will have to cut back on mass production of vines, McMillan said, and “it will take at least two to three years for grape prices to stabilize.” McMillan hopes that lower wine prices will boost consumer purchasing power in the near term.
The vineyards in Napa Valley (California, USA) are world famous for their excellent quality and breathtaking scenery.
Napa Valley in California (USA) is the place to produce the world's top quality wine, recognized by experts since 1976 when Napa Valley wine won the French wine, winning the championship in the Paris Wine Tasting competition. This is also a great tourist destination for wine enthusiasts, with lush, straight, fruit-laden vineyards, stretching as far as the eye can see as well as the unique experience of stepping on grapes, making wine and tasting wine.
Visitors to Napa Valley should not miss these interesting wine experiences.
Napa Valley wine is more famous than other wine producing areas such as Sonoma Valley or Santa Barbara Valley. For world wine connoisseurs, people call Napa Valley a golden address to visit at least once in a lifetime. In Napa Valley, visitors will see more than 300 different wineries, from the oldest American winery Robert Mondavi Winery to American wine in cooperation with French winery Domaine Chandon... Locals say the first grapevines were planted in the valley by farmer George Calvert Yount in 1836. In addition to large wineries, Napa Valley also owns many small wineries, the products made are also worth trying.
The cost of experiencing wine in Napa is about 15-20 USD per place, of course with the expensive wines will cost more. You can also buy a wine tasting card for 30 USD to taste wine at all the wine shops here.
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