Bad weather puts a cork in the world's wine production

Bad weather puts a cork in the world's wine production

Wine production totaled 250 million hectoliters a year ago, down 8.6 percent from 2016, data from the Paris-based International Organisation of Vine and Wine (OIV) released on Tuesday showed.

Global wine production slumped to its lowest level in 60 years in 2017, according to data from the International Organisation of Vine and Wine.

Prices are up 74 percent in Italy, 45 percent in Spain and over 10 percent in France, the European Commission said.

Here's some bad news for wine lovers.

While South Africa enjoyed a boost in production in 2017, analysts say drought conditions will likely impact production in that country in 2018. "When prices go up, it puts a lot of strain on them".

In terms of production, Italy reaffirmed its position as the world's leading wine producer with 42.5m hectolitres, followed by France (36.7 mhl) and Spain (32.1 mhl). Producers were hardest hit in Europe, where heavy hailstorms and harsh frosts damaged vineyards in early 2017 before a summer drought took its toll. Some of the lower quality wines will get blended into slightly higher value products.

Meanwhile in the U.S., California experienced devastating wildfires that destroyed much of the harvest.

Some of the most productive regions in the world, including French, Italian, and Spanish wineries, are typically the most prolific in the world - but production dropped as much as 20%.

Related:

  • Ederson calls on Guardiola to give him unique opportunity

    Ederson calls on Guardiola to give him unique opportunity

    "I'm not going to tell them", he said. "Football is an emotional game", said Guardiola, as quoted by the Mirror . Its current goal difference of plus 73 is two better than the all-time best, Chelsea's 71 in 2009-10.
    Wise casino advices

    Wise casino advices

    Tips casino players online You need to understand the difference between traditional casinos and online casinos. Still, the main goal, anyway, is to get a prize and the opportunity to become rich without putting an effort.
    Weekend that could determine the destination of the Premier League title

    Weekend that could determine the destination of the Premier League title

    Many neutrals are hoping to see a fitting ending to what has been a fairytale story that may even be turned into a box office film, such has been the feat of their achievements.
  • Federal Judge Issues Strong Order Backing DACA

    Federal Judge Issues Strong Order Backing DACA

    From there, it is expected to go to the Supreme Court.A federal judge in Maryland has ruled in the administration's favour. The ruling would require the Department of Homeland Security (DHS) to accept applications from first-time applicants.
    National Football League  free agency rumors: Dez Bryant not expected to sign before draft

    National Football League free agency rumors: Dez Bryant not expected to sign before draft

    David: If the Cowboys don't take a receiver at No. 19, it's reasonable to think they'll have to trade up to get the guy they want. Bryant is so behind this idea, in fact, that he reportedly turned down a multi-year offer from the Baltimore Ravens .
    Bachelor party in Kiev — unforgettable impressions are guaranteed

    Bachelor party in Kiev — unforgettable impressions are guaranteed

    Spectacular dancers will complement the spectacular dance of any composition, leaving an unforgettable impression in your memory. A special chic to the club is given by colorful and incendiary performances, over which a professional choreographer works.
  • SCOTUS hears travel ban arguments

    SCOTUS hears travel ban arguments

    He said the policy's call for a report every six months "indicates there'll be a reassessment" from time to time. The ban's challengers nearly certainly need one of those two justices if the court is to strike down the ban.
    Timing of Arsenal not my decision, says Wenger

    Timing of Arsenal not my decision, says Wenger

    He also provided the clearest indication yet that he did not want to step down by revealing the timing of the decision was not down to him.
    I failed to spot Windrush fiasco coming, says Amber Rudd

    I failed to spot Windrush fiasco coming, says Amber Rudd

    The Labour leader says it is time Home Secretary Amber Rudd "took responsibility and resigned" over the Windrush scandal. After uproar from MPs, she said that people "up and down this country" want action taken against illegal immigrants.
  • Mick Mulvaney Promotes Bribing Members of Congress

    Mick Mulvaney Promotes Bribing Members of Congress

    As a congressman, Mulvaney was one of the CFPB's fiercest critics and co-sponsored legislation to eliminate the bureau. "Banks and payday lenders already have armies of lobbyists on their sides and they don't need one more ".
    What Got Mark Hamill to Return to the Star Wars Galaxy?

    What Got Mark Hamill to Return to the Star Wars Galaxy?

    While Luke will probably have a key role to play in the new movies, it’s certain the new actors will dominate the storyline. He felt he needed to know what all those years have done to Luke even if the material doesn’t get told in the actual movie.
    Global Resource Coin

    Global Resource Coin

    In addition, from the year 2018 GRC’s cryptocurrency rate is expected to grow due to its social usefulness and relevance. In order to do this, you need to have a considerable amount of money, a special financial education and a special license.

Comments

Other news