A BOTTLE of red wine from Asda that costs less than a fiver has been crowned the best in the world.

The La Moneda Reserva Malbec from Chile costs just £4.37 and is available at Dorset branches in Poole, Bournemouth and Castlepoint.

Though you’d best hurry while stocks last as supermarkets are bracing themselves for a Malbec ‘frenzy’ following the news reported on Thursday.

St Paul’s staff confirmed they have lots of bottles remaining. But with the news having hit the national press it’s unlikely they’ll be around for long.

The produce beat stiff competition from thousands of wines worldwide to win Platinum Best in Show at the industry’s coveted Decanter World Wine Awards (DWWA).

It was judged by a panel of 240 international experts who awarded it the highest accolade in the under-£15 red wine category, calling it “an absolute crowd pleaser”.

The results were issued after a week of rigorous blind taste tests of 16,000 wines – including 600 other Chilean reds.

DWWA chairman Steven Spurrier said: “Our sole purpose is to recognise and reward quality, this is what consumers all over the world are interested in. We only award medals to wines in which consumers can have the utmost confidence.”

It is said to taste of “freshly crushed black fruit, creamy vanilla yoghurt and pepper spice” they praised its “succulent juicy berries on the palate”, with “an excellent freshness” and a zing that was “full of energy with a great price point”.