World wine production 'to hit 50-year low'

Monday, 30 October, 2017
bbc.com
Global wine production is expected to fall to its lowest in more than 50 years, according to the International Organisation of Vine and Wine (OIV).

The group blamed the decline on extreme weather in Italy, France and Spain - the world's top three producers.

Total world output is projected to fall 8% from last year to about 247 million hectolitres.

This could raise prices and dissipate a global surplus caused by a demand slump in the wake of the financial crisis.

According to OIV estimates, Italian wine production will fall 23% to 39.3 million hectolitres.

Levels will drop 19% to 36.7 million hectolitres in France which is predicted by the European Commission to be facing its worst harvest since 1945.

To read more online, click here.

Click here to read the OIV press release.

Thomas Davidson

Thomas joined wine.co.za in May 2019 after graduating from Stellenbosch University with a BA in History & Ancient Cultures and completing a certificate in Business Management and Entrepreneurship at the Graduate School in Stellenbosch. He moonlights as a radio presenter at MFM - and has an incredible passion for wine. 
We are delighted to have him on the team.