Logo
Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome to ShareScene - Talk Shares And Take Stock With Australia's Sharemarket Community - New Here? Click To Register >

7 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

Wine, Wine Discussion
balance
post Posted: Nov 7 2013, 12:05 PM
  Quote Post


Posts: 5,115
Thanks: 357


In Reply To: wren's post @ Nov 7 2013, 10:32 AM

Thanks for the 2nd post & link in particular wren. As mentioned in one of my earlier posts I am quite cynical of the motives behind a story like this. Vested interests either talking it up or down.



--------------------
Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
wren
post Posted: Nov 7 2013, 10:32 AM
  Quote Post


Posts: 2,465
Thanks: 477


In Reply To: wren's post @ Nov 7 2013, 10:25 AM

Here is a different view of the shortage or otherwise

http://www.wineindustryinsight.com/ex_nf.p...-wine-shortage/


Said 'Thanks' for this post: nipper  
 
wren
post Posted: Nov 7 2013, 10:25 AM
  Quote Post


Posts: 2,465
Thanks: 477


In Reply To: flower's post @ Nov 7 2013, 10:05 AM

So you doubt that there is a world wine shortage on the basis of what you see in Margaret River? MR produces a trivial volume of wine,even by Australian standards.

" An article published this week in The Atlantic suggests we're in the midst of the worst wine shortage in 50 years, and things are only expected to get worse.

According to the article, there was a global need last year for about 300 million more cases of vino to meet the market demand.

The issue? Logically, we're drinking a lot more than we're producing. The per capita consumption in the United States has doubled since the start of the century. China, now the world's 5th largest wine importer, "has doubled its consumption not once, but twice in the past five years."

Meantime, worldwide production has been on a downward trend ever since the early 2000s. Poor recent grape harvests in Europe have contributed to the problem"

 
flower
post Posted: Nov 7 2013, 10:05 AM
  Quote Post


Posts: 12,263
Thanks: 1044


In Reply To: balance's post @ Nov 7 2013, 06:01 AM

QUOTE
Grape producers would love a shortage after years of over supply.


Indeed they would. World grape shortage, doubt that as well, eg whilst in Europe recently in London you try and find a better quality Australian wine on any wine list either in a top hotel or a local pub, you won't since they no longer buy better quality Oz wines, the better quality spot is re occupied by France.

However what they do stock is a mountain of wines from California, Chile, Italy, Spain, Hungary and so the list goes on.

The high AUD is the root cause of the absence of better quality Oz wines.



--------------------
Combining Fundamental comments with Fundamental charts.
 
balance
post Posted: Nov 7 2013, 06:01 AM
  Quote Post


Posts: 5,115
Thanks: 357


In Reply To: flower's post @ Nov 6 2013, 11:46 PM

Hi flower,
There is talk of a shortage on a world scale not just any particular region. There are various news items either pushing it or hosing it down. The cynic in me (and he's a big guy) says that both sides of the argument are pushing their interests. Grape producers would love a shortage after years of over supply.



--------------------
Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
flower
post Posted: Nov 6 2013, 11:46 PM
  Quote Post


Posts: 12,263
Thanks: 1044


In Reply To: balance's post @ Nov 6 2013, 08:18 PM

QUOTE
As an aside, I heard that the world is short of wine now as opposed to the glut from a few years ago


Hi balance, living in one of WA's premier wine producing areas can assure you that is not the case, temporary shortages of the odd grape variety due to seasonal conditions maybe, but an all round shortage, no, and it will remain this way until the AUD drops in value dramatically since right now vineyards lie idle sometimes in a non-picked status--the industry is still in a sorry state due to massive overplanting.



--------------------
Combining Fundamental comments with Fundamental charts.
 


balance
post Posted: Nov 6 2013, 08:18 PM
  Quote Post


Posts: 5,115
Thanks: 357


In Reply To: wren's post @ Nov 6 2013, 08:07 PM

Hi wren, it does show you need to know your wines and fair pricing before laying out the cash.

As an aside, I heard that the world is short of wine now as opposed to the glut from a few years ago. Not that Coles or Woolies would cash in on that either.



--------------------
Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
wren
post Posted: Nov 6 2013, 08:07 PM
  Quote Post


Posts: 2,465
Thanks: 477


Well it's been a few sober years since the greatly missed hungry made the previous post on this thread.
Now I know Coles and Woolies would never be involved with this sort of thing.........
http://www.theguardian.com/money/2013/nov/...sainsburys-asda

 
hungry
post Posted: Jan 31 2011, 01:00 PM
  Quote Post


Posts: 2,967
Thanks: 271


In Reply To: Duster's post @ Jan 31 2011, 12:27 PM

lol - I'm familiar with both those problems laugh.gif

 
Duster
post Posted: Jan 31 2011, 12:27 PM
  Quote Post


Posts: 3,110
Thanks: 336


In Reply To: hungry's post @ Jan 31 2011, 11:59 AM

No takers Hungry, I must admit the day I cracked one, I didn't mention the few consumed prior. I may have another try, with the good one first next time......lol

I've really got to stop drinking good wine when I'm half pissed. My circle of friends don't help weirdsmiley.gif



--------------------
Patience is the key to success.
 
 


7 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareScene.com, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING