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...wines from the New World, where the right conditions produce fantastic vintages at much lower prices. The current wine market must surely bring sleepless nights to those who can't produce a good wine in the first place. Who knows what next year holds? Maybe those who didn't harvest this year will be kicking themselves should disaster strike their vines. I'll be stockpiling my own supply of the wines I fancy now to enjoy for years to come. Dave Pierce London It's too bad none of those overproductive vintners realize that there is also a market...

Author: /time Magazine | Title: The Global Wine Glut | 11/14/2006 | See Source »

...vegetables instead of staples like wheat and rice. Improved agricultural output in Asia and Latin America has also meant growing demand for tractors, fertilizers and speciality seeds. Drip-irrigation equipment is particularly crucial to farms in China and India, which must use scarce water supplies more efficiently. Post-harvest, the processing and packaging sectors present opportunities in areas such as food-processing machinery, freezer and cold-storage facilities, and packaging and preservation technologies...

Author: /time Magazine | Title: Better Lives, Fuller Carts | 10/23/2006 | See Source »

...local merchant, who bottles and markets it for him. But this year, for the first time, the merchant is refusing to take any of it. The stainless-steel vats in Charles' shed are filled with tens of thousands of liters of Cabernet Sauvignon and Merlot from last year's harvest that he's now frantic to sell at any price to make room for this year's crop. Charles, 58, stands in his courtyard, surrounded by clucking hens, and struggles for words to describe his predicament. "It's never happened before," he says, gripping a wrench. "This year...

Author: /time Magazine | Title: Too Much Of A Good Thing | 10/19/2006 | See Source »

...almost 300 million hectoliters, or 15% more than the previous year. The glut is hurting producers everywhere, particularly in Australia, which has surplus wine stocks that exceed a year's worth of exports. Many grape growers there simply let this year's crop rot on the vine rather than harvest...

Author: /time Magazine | Title: The Big Spill | 10/16/2006 | See Source »

...combine into a single, expanded Côtes de Bordeaux label. And the Interprofessional Bordeaux Wine Council, the main industry group, recently scrapped 1990s regulations that forbade vintners from making vin ordinaire from their lesser grapes. Get ready for Vin de Pays de l'Atlantique. This year marks the first harvest for it, and 65 winemakers have already signed...

Author: /time Magazine | Title: The Big Spill | 10/16/2006 | See Source »

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