World wine production is expected to fall to one of its lowest levels on record after harsh weather battered vineyards in Europe’s major wine-producing regions.
The conditions “severely impacted” production in Italy, Spain and France, resulting in “extremely low” production volumes, an international wine body has said.
In the midst of the shortage, demand is expected to recover to near levels seen before the coronavirus pandemic, the International Organisation of Vine and Wine (OIV) said in a statement on Thursday.
Based on information collected from 28 countries, which represent 85% of the world production in 2020, the OIV pegged world production for 2021 at between 247.1 and 253.5 million hectoliters (mhl), with a mid-range estimate at 250.3
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