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Grape Listings and Temperatures Hit High // 19,000-acre wildfire in Santa Barbara County prompts evacuations near vineyards

July 8, 2024 - Wine Industry Insight Daily News Feed

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“With the economy cooling in 2022, several short vintages, and inflation running high, raising bottle prices has been necessary but increasingly difficult. Four of the nine regions were able to successfully raise prices in 2023, but only modestly. With the current heavy supply dynamics, price increases will likely be progressively more difficult in 2024 and beyond.”

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