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California wine prices may drop to lowest in 20 years

in Around California/business

LODI, Calif.The price of wine is at an all-time low because of an abundance of grapes, according to a new report from the Silicon Valley Bank Financial Group.

The State of U.S. Wine Industry 2020 report said wine prices could reach the lowest in 20 years. Some are calling it good news for wine drinkers.

“That's always good news to us -- lower prices on alcohol, yay,” said Priscilla Kumar, who was wine tasting in Lodi on Monday.

Continue Reading on KCRA 3

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