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World Wine Production is down

Rose fans you might want to sit down for this one. The International Organization of Vine and Wine reported world wine production fell to a *60 year low.* Total production hit 250 million hectoliters last year, and that was down 8.6 percent from last year... Poor weather conditions in the European Union was the culprit.

So Myles - how are you preparing for this tragedy come summer Rose season?

And we should note shares of wine distributors like Constellation Brands and Diageo are down today.