Wine prices to rise as bad weather brings worst harvest for 50 years - News Summed Up

Wine prices to rise as bad weather brings worst harvest for 50 years


Global wine production slumped to its lowest level in more than 50 years in 2017 after vines in the world’s top three producers – France, Spain and Italy – were ravaged by both freakishly hot and cold weather. “We’ll start to see those [2017] wines coming to the market now and I think for higher volume, lower price wine you will see cost increases,” says Dan Jago, chief executive of high end wine merchant Berry Bros & Rudd. Photograph: AlamyThe International Organisation of Vine and Wine estimates global wine production dropped 8% to 247m hectolitres in 2017 – the worst global harvest since 1961. Last month the Bordeaux wine council said production in what is France’s largest wine growing region was down 40% with vineyards in Saint-Émilion worst affected by the severe frost. Last year alone Britons got through 81.7m bottles of pinot grigio and 85m bottles of prosecco at home.


Source: The Guardian March 09, 2018 16:35 UTC



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