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Consumer Products: Half Full
17/07/2010 12:56 PM |
Why wine prices may go up
Your wine could become scarcer and costlier soon. Incessant rain and hailstorms, in Nashik—the wine capital of India—and other parts of Maharashtra in early October, have damaged the grapes spread over 3,000 hectares of land of 40 wineries in Maharashtra. After excessive heat and early summer, Nashik was hit by unseasonal rains. Maharashtra contributes about 90% of the country’s total grape output. Talking to Moneylife, Abhijit Kabir, managing director of Indus Vineyards, said, “Wine manufacturers in Maharashtra will now have to brace themselves for a lean phase. Wine is a sunshine industry. The rains have ...
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