Excessive rain in France and extreme weather in other major wine-producing countries are expected to result in a decrease in global wine production to its lowest level since 1961. The International Organization of Vine and Wine predicts that the global harvest for 2024 will not exceed 227 to 235 million hectoliters, a 2% decrease from 2023 and the lowest harvest since 1961. France has been hit the hardest with a 23% drop in production, allowing Italy to regain its position as the leader in wine production.