California grapegrowers remove vineyards due to wine demand decline and oversupply.
California grapegrowers are removing vineyards due to a decline in wine demand and oversupply, affecting regions like Lodi. This comes as gas prices in the US have increased by 10 cents on average last week, according to GasBuddy. The decline in wine consumption and oversupply has forced farmers to tear out thousands of acres of vineyards, leading to a decrease in California's wine grape acreage by 18,000 acres.
March 13, 2024
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