"Confusion abounds over a prediction that a wine shortage could be looming.
A Morgan Stanley report released this week said worldwide wine demand exceeded supply by nearly 300 million cases in 2012. The study blamed the shortfall, the greatest in 40 years, on bad weather and fewer vineyards, and it added there may not be enough wine in future years.
But don't start hoarding your wine, because analysts are seeing it differently."
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