In 2023, global wine production will be the lowest in 60 years

Published Nov 8, 2023

Tridge summary

Global wine production for this year is projected to be the lowest since 1961, according to the International Organization of Viticulture and Winemaking (OIV). The decrease is attributed to issues in major wine-making regions around the world, including unfavorable weather conditions in Italy, Spain, and other countries. However, some countries like New Zealand, Germany, Portugal, and the USA are expected to have favorable production levels.

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

Original content

Global wine production this year will be the lowest since 1961. Such forecasts were announced by the International Organization of Viticulture and Winemaking (OIV). Specific figures and estimates for the main manufacturers were presented at a web conference at the OIV headquarters in Dijon by the head of the department of statistics and digital transformation of the organization, Giorgio Delgrosso. According to information collected from 29 countries, representing 94 percent of global volumes of the drink, the average figure will be 244.1 million tons, or seven percent lower than last year. In 1961, 214 million tons were produced. The last anti-record of 248 million was registered in 2017. Moldova has become a leader in the production of quality wine The expert cited problems in large wine-making centers of both the Northern and Southern Hemispheres as the reason for the new decline. In particular, in the EU, a serious reduction is expected due to unfavorable weather conditions in ...

Source: Rosng