Global wine production falls to lowest level since 1961

Published 2024년 11월 29일

Tridge summary

The International Organization of Vine and Wine (OIV) forecasts that global wine production will drop to its lowest level since 1961, with an estimated decrease of 2% in 2024 compared to the already poor year of 2023. The total production is projected to range between 227 and 235 million hectoliters, largely due to adverse weather conditions in key wine-producing regions. Europe, especially France, and the Southern Hemisphere are experiencing significant reductions, while Italy remains the world's leading producer. The OIV's Director General, John Barker, highlights the increasing volatility in wine production due to climate challenges.

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Original content

Global wine production is expected to fall in 2024 to its lowest level since 1961, due to bad weather, falling by another 2% compared to the poor year of 2023, according to estimates published Friday by the International Organization of Vine and Wine (OIV). According to these projections, based on the harvest results of 29 countries representing 85% of production last year, global wine production in 2024 is estimated at between 227 and 235 million hectoliters (mhl), the lowest volume harvested since 1961 (220 mhl). With an average projection of 231 mhl, this harvest is expected to be down 2% compared to 2023 (237 mhl) and 13% compared to the average of the previous ten years. "Climate challenges across both hemispheres are once again major causes of this reduced global production volume," underlines the OIV, which notes that most regions have suffered. Particularly marked annual decline for France Europe expects "a low level of production", with only Portugal and Hungary ...

Source: Bfmtv