There are so many grapes being harvested in California the price of wine is dropping to its lowest in five years.

According to News 10 ABC, there has been a decrease in wine drinkers. It seems Millenials are drinking pre-made cocktails and liquor. There have been bountiful harvests of grapes in Northern California and they began planting back in 2016. It may seem like a great problem to have, but if there isn't enough demand, the extra grapes go to waste.

With an oversupply of wine and grapes and the consumer demand at a low, it seems there will be major discounting of high-end wine, bulk wine, and grapes. Look to see the price of wine decrease soon. This means the really pricey wines will also see a discount.

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