$8 wine might be a tough sell this year: California forecast

California’s wine industry is experiencing challenging times, with growers in the Central Valley coping with the lack of water, excess supply on the low-end segment and more competition from overseas producers. The state’s total harvest was down 7 percent last year from the prior year, and some premium vintners from Napa Valley report going into 2016 with supply constraints and feeling the impact of a strong U.S. dollar and weakness in China.