WASHINGTON — Expect prosecco prices to go up because of a shortage.
Robert Cremonese, export manager of Italian prosecco producer Bisol, told the The Drinks Business, a trade publication, the harvest was down by 50 percent or more in some areas.
Heavy rains flooded this year’s crop in the Conegliano and Valdobbiadene regions of northern Italy — where most of this sparkling wine is made.
The result will be that winemakers will likely produce less or hold onto their inventory.
The end result likely will be higher prices.
“We’ll find out how big the problem is in August when the brokers release their stock. At the moment we don’t know how much Prosecco they’re holding on to,” Cremonese says.
