There's good news for wine connoisseurs: you'll soon be able to buy better quality wines at lower prices.
Prices are expected to drop across the board because grape growers have too much product to sell, according to the Allied Grape Growers newsletter. Last year, more than 100,000 tons of grapes went unsold and had to be thrown out; so this year, they're cutting the prices of grapes so wine makers will buy more of them.
In addition to the surplus of grapes, wine sales have dropped every year since 2014, according to the industry's Gomberg Fredrikson Report. So, now that grapes are less expensive, winemakers and distributors say they're lowering prices in an effort to boost sales.