Wine prices
1Lower prices are nice, but weak demand from millennials is of concern.
https://www.cnn.com/2020/02/16/business/grape-surplus-cheap-wine-trnd/index.html
- 6 comments, 15 replies
- Comment
Lower prices are nice, but weak demand from millennials is of concern.
https://www.cnn.com/2020/02/16/business/grape-surplus-cheap-wine-trnd/index.html
Another article on the same subject:
Excess grapes in CA
More bulk plonk wine on the market yay and I’m pretty sure that the wines I’m buying aren’t using those grapes so no lower prices for me. Sadly the farmers are going to be the ones who are going to suffer as usual
White Claw and Truly have killed the white wine buisness. Young men go bit craft beer and their partners who use to buy white wine not by low Cal alcoholic seltzer.
@jml326 Zima came and went. So will the hard seltzer fad. (But if I could buy stock in a company that markets one 20 years from now, I would.) No “wine drinker” has switched over. If you want a buzz just buy a shot of vodka. Maybe yellow tail or whatever that Aussie winery is selling less crap white to housewives, but hard seltzers cannot be a reason wine sales are down. The venn diagram doesn’t even touch.
That said, I think I am the youngest casemate. I’m seeing 40 coming way too quickly. So millenial hate aside, there is that…
@jml326 @KNmeh7 just hit 34 here, do we have a younger CM around?
@KNmeh7 I don’t disagree about it being a fad, but my local connections to a distributer have seen a dramatic decrease in white wine sales and a spike in hard Setzer.
@TechnoViking I’m 36. You win. Curious?
@jml326 @KNmeh7 @TechnoViking
I think @klezman and his SO, @molarchae might be.
@jml326 @KNmeh7 @TechnoViking im 38 so you got me beat.
My wife doesn’t mind the hard seltzers but it seemed to be a summer by the lake thing. She hasn’t touched them since.
@CorTot @jml326 @KNmeh7 @TechnoViking
@north316 and @Kcountry may be in the running…
Ajrod27 is the youngest CM/wooter I know, he is 31.
@chipgreen @CorTot @jml326 @KCountry @KNmeh7 @TechnoViking I’m old
@chipgreen @CorTot @jml326 @KNmeh7 @North316 @TechnoViking I’m 40, so definitely not the youngest.
I will say that neither the Mrs. or I really like white wine. I both have seltzer in the fridge, and have made my own non-flavored alcoholic seltzer (have flavorings to add after the fact - the neighbors can’t ever make up their mind). Most of them are millennials, and some were white drinkers who migrated over to seltzers.
@chipgreen @CorTot @jml326 @KNmeh7 @North316 @TechnoViking Oh, I really do like craft beer, was at a craft beer festival last weekend.
@chipgreen @CorTot @jml326 @KCountry @North316 @TechnoViking
Beer and wine are separate. I love beer and wine. I feel seltzers fall under mixed drink lovers but you can’t actually buy mixed drinks at retail. (At least in Ohio they are all made from malt “liquor”, seltzers, “Jack Daniels” etc. All malt liquor. No actual proof spirits.) Like I said before. Vodka and fizz is all you are drinking (except vodka isn’t some crap mash), and you would be better off making it yourself. It isn’t hard to make a simple syrup.
@KCountry @North316
I guess I think of you and North as still being the same age you were when I first met you… which makes me realize how much older I am now too, dohh!
I’ve seen this especially with Pinot Noir: More plantings, several bumper crops years in a row. Prices lower and you notice wineries delaying releases and holding back more for their ‘library’. And of course (wonderfully for us) moving stashes off to deal sites.
I didn’t know about the slow-down in wine-drinking adoption. Yikes. Well, for my part, I’m taking better quality wine to share at more places with new people.
GO here I come!
But im guessing you wont see a lot of wine dumped onto the discounters for some time still.
@CorTot your kidding right?? Already a ton dumped in there already
@ScottW58 it’s been pretty consistent the last couple of years, I was thinking it would get worse.
Beverage of choice seems to vary a lot with era (bad word choice, but cannot seem to find another).
In some places in some times there was a class distinction. In some gender. In some age.
I’m over 60, my parents were blue collar, and drank beer (cheep beer) and rarely a mixed cocktail. I never learned to like beer. Ever. Or wine, I can actually remember my first glass, it was at an Italian restaurant, I was under age, they weren’t worried. But underage, I already drank well drinks in bars. I also worked a lot of 3-11 and night shifts back in the day.
As I grew older, I learned to like various cocktails and eventually straight whiskey, got introduced to craft beer and ice wine . And other sorta unique wines you don’t find anymore (May wine anyone?) Eventually learned to like things after 50.
My 40’s daughter learned to drink wine from her now husband. And it somewhat surprised me first time she ordered some. She likes craft beer, he doesn’t. She’s also more likely to order an odd cocktail of a menu.
So I think culture and upbringing impacts our choices. Not that we don’t change, we do, but if you don’t grow up or spend time where something is consumed, you don’t always learn to like it.