Global Wine Output Hits 63-Year Low in 2024
The world’s wine industry braces for a significant downturn as 2024 production estimates hit a 63-year low. The International Organisation of Vine and Wine (OIV) projects global wine output between 227 and 235 million hectoliters. This marks a 2% decrease from 2023 and a 13% drop from the ten-year average. Climate change emerges as the […]