World wine production in 2024 will be the lowest since 1961

World wine production volumes have continued to decline in recent years and will fall to their lowest level in 63 years in 2024, according to the forecast of the International Organization of Vine and Wine (OIV), excerpts from which are cited by the AFP agency. Thus, according to harvest data in 29 countries, which account for 85% of the world's wine production, between 227 and 235 million hectoliters will be produced in 2024. In 2023, a significant decline in production of 10% was also recorded compared to 2022, with a total of 237 million hectoliters of wine produced. These are the lowest wine production volumes since 1961, when production was recorded at 220 million hectoliters. "Climate problems in both hemispheres have once again become the main reason for the decline in global production," the OIV emphasizes, noting that most regions have suffered. In Europe, "low production" is expected, with the exception of Portugal and Hungary, which will remain close to the average of ...