Cross-Posted at Crablaw Maryland Weekly.
Baltimore Examiner, December 23, 2006:
Some wine drinkers likely feel ready for New Year’s celebrations now that a glut of grapes on the market has sent wine prices plummeting.
An unprecedented glut of wine grapes, the result of years of aggressive planting in many of the world’s top grape-producing areas, is to thank for this bounty.
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Maryland has some of the nation’s stricter buying laws, but that doesn’t bother many retailers, including Mitchell Pressman, owner of Chesapeake Wine Co. in Baltimore.
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Other area retailers, including Peter Finkelstein, general manager of Bay Ridge Wine & Spirits in Annapolis said he would take advantage of the prices if wholesalers followed the price filing regulations, which require them to file price changes with the state 25 days before they take effect.
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