The Wine Crisis That Wasn’t
Garganega grapes on the vine
(Photo: Consorzio Soave).
Did you hear the one about the Global Wine Crisis? If you didn’t, it’s hardly
surprising because the whole palaver was over almost before it began. The
well-known finance company Morgan Stanley recently published a report announcing
that a global wine shortage was on the way, as vineyards struggled to keep pace
with steadily rising demand. Written by Australia-based analysts Tom Kierath and
Crystal Wang, the report claimed that there’s just not enough wine in the world.
The study reported that worldwide demand for wine exceeded supply by nearly 300
million cases in 2012 and blamed the shortfall, apparently the greatest in forty
years, on bad weather and fewer vineyards. It added that there may not be enough
wine in future years. The report hit the pages of almost every national
newspaper causing more than a flurry of anxiety in the world of wine.
Then, as quickly as the
panic began, it ended. Writer Mike Rothschild claims that there was one small
problem with the Morgan Stanley report. It wasn’t actually true. Rob McMillian,
Executive Vice-President of Silicon Valley Bank wrote that “the Morgan Stanley
report is just wrong. In 2010 and 2011, we also thought we were trending toward
a shortage in the United States but 2012 was a record production year and 2013
was almost as big. Everything we’re seeing is leading us to believe there won’t
be enough tank space for all the wine production here.” California, which
produces 90 percent of all US wines and is the fourth-leading wine producer in
the world, has had nineteen years of consecutive growth.
Felix Salmon of Reuters
studied the Morgan Stanley report with its detailed graphs in considerable
detail and looked at the mathematics of why the wine shortage story was false.
He drew a far different conclusion than that trumpeted by Morgan Stanley - that
a current minor shortage is actually ending and that rising temperatures around
the world are opening up more land with potential to hold vineyards. He came to
the conclusion that “this global wine shortage…simply isn’t real.”
It’s true that because of
bad weather, France has had two successive years of small harvests which has had
a knock-on effect, producing an 18% increase in prices of quality wines. But
there’s no need to horde bottles of Bordeaux in the fear that they’ll all
disappear, even though hordes of Chinese are rapidly acquiring a curious taste
for them. Yes, I know that locally produced boxed wines have recently been in
short supply, but that is for a totally different reason and due entirely to
fiscal measures introduced by the Thai government. So there we are. Panic over.
Let’s have a glass of vino.
There are times when it’s
pleasant to drink a plain white wine, clean and dry with a dash of firm acidity
and not much else. With some dishes, plain wines are sometimes better than those
with buckets of fruit. Soave (So-AH-Veh) is usually such a wine. It’s
probably Italy’s most popular white, made largely from Garganega grapes, one of
Italy’s most widely planted light-skinned varieties and the most important white
grape of the Veneto region. Garganega dominates Soave wines and usually blended
either with the local Trebbiano or with Chardonnay.
Corte Viola Soave 2010 (white),
Italy (Bt. 575 @ Friendship)
I suppose it’s about
fulfilling customers’ perceived needs and all that kind of thing, because the
Soave wines I have tasted recently seem to have more fruit and flavour than
their clean-and-lean ancestors that I recall from the 1980s. This wine is a bit
of the old school with a touch of modernity. There’s a very mild floral aroma
which reminded me of pears and summer meadows and an attractive smooth
mouth-feel with a nice crisp bite of acidity to give it a lift. There’s also a
very pleasing dry finish.
The touch of zesty
crispness would make the wine excellent for an apéritif and at only 11% alcohol
content you could easily enjoy a couple of glasses before dinner without feeling
too heady by the time the soup arrives. It would work well with light chicken
dishes or quiches. Although many people associate red wines with cheese
(wrongly, in my view), this white wine would go well with Brie, Camembert or
other creamy cheeses. It would probably go a treat with that Friday night
traditional meal of British workers - fish and chips.
Incidentally, Soave is not
a grape variety or as some people think, a style of wine. It’s actually a place:
a small town in the north-eastern part of Italy about fourteen miles east of
Verona.
Danese Montepulciano d’Abruzzo 2011 (red), Italy (Bt. 485 @
Friendship)
Right, let’s sort out the
label, so sit up straight and pay attention. Danese (Dan-EH-seh) is the
name of the company. Montepulciano d’Abruzzo (mohn-teh-pool-CHAH-noh dah
BROOD-dzoh) is a wine district which covers a vast expanse of land in the
Abruzzo region between the Apennine foothills almost down to the Adriatic coast.
It’s a bit to the north-east of Rome. The hillside vineyards get plenty of sun
exposure and they’re cooled by dry breezes coming off the Adriatic. Named after
the grape variety Montepulciano, the wines are often deeply coloured, smooth and
mellow with spicy, peppery overtones. The grape is widely cultivated in Italy
and by Italian wine law has to make up 85 percent of all Montepulciano d’Abruzzo
wines.
This one certainly lives
up to its reputation, because it’s a dark coloured wine and has an attractive
aroma of black fruit with that characteristic touch of black pepper and herbs.
It’s a medium-bodied wine with a hint of acidity to contrast with the smooth
mouth-feel. There’s a good, long finish with a touch of tannin and like so many
Italian wines, it would really come into its own with food. However, it has a
rather rustic feel to it and if you normally prefer smooth fruity reds you might
not enjoy this very much. The touch of acidity gives it a lean body and I think
it would make an excellent partner for paste in rich Bolognese sauce or a
brightly-flavoured pizza. It would go well with mildly spicy tomato-based chili
dishes too.
And by the way, don’t get
Montepulciano d’Abruzzo mixed up with another wine called Vin Nobile de
Montepulciano. The names are rather similar but the wines are not. Vin Nobile de
Montepulciano hails from the town of Montepulciano in Tuscany - about eighty
miles south of Firenze. The wines are made not from Montepulciano grapes but
from Sangiovese. Yes, I know it’s confusing. Blame the Italians.