Global wine production expected to fall to 4-year low
- 8 years ago
Global wine production seems set to fall five percent in 2016, ranking at the lowest level of output in four years.
The International Organization of Vine and Wine (OIV) published estimates on Thursday, predicting the global output of wine would fall to 259 millions of hectolitres (mhl), a significant decrease compared to 2015.
OIV noted “climatic events” affected production across South American countries with estimated output levels decreasing sharply in Argentina, Chile and even by 50 percent in the case of Brazil.
Italy, France and South Africa also saw drops in production levels, while Australia, New Zealand and the U.S. are expected to report an increase.
The forecast for 2016’s production levels ranks among the three poorest years of production since 2000, according to OIV’s early estimates.
The International Organization of Vine and Wine (OIV) published estimates on Thursday, predicting the global output of wine would fall to 259 millions of hectolitres (mhl), a significant decrease compared to 2015.
OIV noted “climatic events” affected production across South American countries with estimated output levels decreasing sharply in Argentina, Chile and even by 50 percent in the case of Brazil.
Italy, France and South Africa also saw drops in production levels, while Australia, New Zealand and the U.S. are expected to report an increase.
The forecast for 2016’s production levels ranks among the three poorest years of production since 2000, according to OIV’s early estimates.