World wine production is expected to fall to its lowest level in 60 years in 2023 due to poor harvests in the Southern Hemisphere and in some major European producers, as reported by the International Organisation of Vine and Wine (OIV). This decline in wine output is anticipated to lead to increased wine prices globally, marking a significant impact on the wine industry. The global wine production has hit its lowest level since 1961, with implications for consumers as wine prices are expected to rise due to the scarcity of supply.
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In 2023, global wine production is expected to fall to its lowest level in the past 62 years https://t.co/jjdRev4dCz https://t.co/0iif8PUp0t
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Global #Wine production hits lowest level since 1961 https://t.co/p7RlwCuBt6
🍷 World wine output to fall to lowest in 60 years World wine production is expected to fall to its lowest level in 60 years in 2023 due to poor harvests in the Southern Hemisphere and in some major European producers, the International Organisation of Vine and Wine (OIV) said… https://t.co/naHEEVrB2K https://t.co/Zmedll4NiL
⚠️ WORLD WINE OUTPUT TO FALL TO LOWEST IN 60 YEARS Full Story → https://t.co/bWmepd8nci https://t.co/fD8Cov73ik