Cheap wine is about to get a lot more expensive - WNEM TV 5

Cheap wine is about to get a lot more expensive

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Source: CNN Source: CNN

The price of wine is going up.

The International Organisation (this is not misspelled) of Vine and Wine said global wine production dropped to its lowest level in 60 years in 2017.

Analysts said producers, dealers, and retailers will absorb some of the price hikes, but consumers will end up paying more -- especially for cheaper bottles.

However, one expert thinks cheap wine may see a change in quality along with the price hike.

He said that's because, in some cases, lower quality wines will get blended into slightly higher value products.

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