Locust Lane Grapes

According to a report by wine banking service Silicon Valley Bank (SVB), wine sales in the US are predicted to soar by as much as 12 per cent in 2010.

SVB provides commercial banking for fine wine companies as well as predicting future trends in wine sales and consumer buying behaviour. Its annual ‘State of the Wine Industry’ report predicts that the end to extreme price cuts in US wine is coming to an end, and that fine wine sales will subsequently flourish.

The report explained how large-scale producers and established big-name brands with wide distribution are expected to benefit, but that smaller scale wineries may find 2010 a little tougher.

Filed under: General on May 14th, 2010