date:Jun 27, 2014
The Scotch whisky industry should temper its investment in extra production capacity to avoid the extremes of surpluses and shortages that have historically hampered it, according to a leading European bank.
Rabobank said distillers needed to smooth out the lumps by avoiding dramatic increases in production capability which leads to periods of excess stocks followed by tight controls on inventories.
The company said stocks held by whisky firms rose 17% between 2006 and 2012, a period when annu