Global wine production is forecast to reach a 60-year low in 2024, falling 13% from the ten-year average.

Global wine production is expected to hit a 60-year low in 2024, dropping between 227 million and 235 million hectoliters, down 13% from the ten-year average. This decline is primarily due to extreme weather conditions, including frosts, heavy rainfall, and droughts, affecting major producers like France, where output is expected to drop by 23%. Italy is projected to surpass France as the world's largest producer. The Southern Hemisphere is also experiencing its lowest production in two decades.

November 29, 2024
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