The World Organisation of Vine and Wine (OIV) predicts that this year's world wine production could reach 250 million hectolitres, slightly higher than the 2023's record low of 237 million, due to poor weather conditions. This estimate is based on forecasts from the major producers, including Italy, Spain, France, the United States, and countries in the southern hemisphere, which account for three quarters of the world production. While some countries like Spain and Italy have seen improvements in 2024, they still fall short of their averages. Conversely, France and Chile, which experienced heavy rains in 2023, have seen worse results. Over the past 30 years, world wine production has fluctuated between 250 and 300 million hectolitres.