The world will have less wine because of climate problems in Europe

Published 2021년 11월 4일

Tridge summary

The international organization, OIV, forecasts that 2021 could mark one of the lowest years in world wine production due to adverse weather conditions in Europe, particularly affecting France, Italy, and Spain. Despite challenges like Covid-19 and climate change, there are positive trends such as a recovery in wine tourism, a rise in online sales, and a rebound in international trade. Notably, Southern Hemisphere countries like Chile, Argentina, and Brazil saw increases in production. The OIV's director emphasizes the importance of sustainable practices and adaptation to climate change for the industry's future. Recent figures show a rebound in export volumes and values, with a notable growth in the last six months of 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

They say that a glass of wine a day is good for the heart. However, this year many will be left without that daily drink and there will be many broken hearts, either due to sadness or health. This year, world wine production could fall to one of its lowest levels on record. According to calculations by the International Organization of Vine and Wine (OIV), the 2021 production would be between 247.1 million and 253.5 million hectoliters (mhl). If an average of 250.3 million hectoliters is taken, in the year some 33.289 million bottles would have been manufactured. That means 10 million less hectoliters were produced than in 2020, that is, there were 1.3 billion fewer bottles than last year. The fault is not Argentina, Chile or Brazil. In fact, South America had significant advances in the year-on-year comparison, to the point that Chile had the best year in its history, with an increase of 30% to 13.4 million hectoliters, and exceeded 12.5 million in Argentina, which achieved a ...

Source: Baenegocios