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Alcohol Stocks Fall After Surgeon General Warns on Cancer Links // Follow The Money: Alcohol Campaign Contributions the Last Election Cycle
January 3, 2024 - Wine Industry Insight Daily News Feed
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Today’s Most Interesting Wine Industry Data
“Data covering the last 12 months’ sales of wine retailing for over $11 in the US up to October 2024 shows a rise in demand for White Blends and Pinot Grigio. These two categories were the only winners in a year where others lost traction—worst hit were ‘Red Other’, Merlot, Rosé, and Red Blends. Producers and distributors may feel tempted to increase their offer of White Blends and Pinot Grigio, but, taken together, these two categories would need to see growth of over 500% before they came close to the current revenues generated by Chardonnay alone.”
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