A new report shows where has wine production dried up the most in Europe.
Global wine production reached a historic low in 2023 and climate change could be to blame, a new report has revealed.
The International Organisation of Vine and Wine (OIV) says the drink hit its lowest level since 1962. This intergovernmental organisation has 50 member states, representing 75 per cent of the world’s vineyard area.
Experts blame “extreme environmental conditions” including droughts and fires that have been driving the downward trend in production.
You forgot the part where prices stay high even after the supply recovers.
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Wait is wine a commodity?🤔 Legit can’t decide.