The Spanish wine campaign will fall by 21% due to the prolonged drought, according to Ministry estimates

The Ministry of Agriculture, Fisheries and Food plans to close the 2023/2024 wine campaign, which began on August 1, with a production of 32 million hectoliters of wine and must, 21% less compared to the previous campaign and 25 % lower compared to the average of the last five campaigns, due to the long period of drought. The general director of Agricultural Productions and Markets, Ana Rodríguez, analyzed, at the Wine Sector Roundtable, with representatives of the sector, the development of the current campaign, which will conclude at the end of July. Regarding the new harvest, it is still early to release forecasts, since there are no official data or capacity estimates. At the meeting, wine stocks at the end of April were reported, which amounted to 37 million hectoliters with data from the large producing areas, indicated ministerial sources. Furthermore, the meeting made clear the differences in data collection between autonomous communities, which has made a global analysis ...