The future of cask wine is bleak, according to a new report, which discovers that its share of the wine market has fallen by a third in the past decade. The product, often referred to as the “goon bag”, was invented in 1965 by winemaker Tom Angove and begun to make its mark in the 70s as a cheap option. With new screw-top bottles, cheaper bottle prices and the threat of volumetric taxes, however, cask wine is set to continue relinquishing market share. A Citi Investment Research report... ...Read more »