Global wine production this year will be the weakest in 60 years

Global wine production in 2023 is set to be 7% weaker than in 2022, according to information compiled for 29 countries that account for 94% of global production in 2022, the International Organization of Vine and wine (OIV). Modern and smart viticulture? There is a way However, this forecast should be taken with caution as there are still large countries such as China whose information is not yet available. In addition, the high volatility in production volumes observed in recent years both nationally and regionally makes forecasting even more difficult. If the calculations prove correct, this year's global wine production will be the smallest since 1961. It will be even lower than the historically low production volume of 2017 (248 million hectoliters). This negative scenario can be attributed to the significant decline in major wine producing countries in both hemispheres. While in the Southern Hemisphere Australia, Argentina, Chile, South Africa and Brazil recorded annual ...