Nooooo…Wine levels worldwide shrinking to 37-year low

on 01/11/12 at 10:22 am

Wine

Tough climate conditions that have pummeled mega-producers France and Italy will cause global wine production to shrivel 6.1% this year, a trade group says.

Uncooperative weather has damaged grapes worldwide, causing global wine production to shrivel 6.1% to its lowest point since 1975, according to a Paris trade group.

Between dwindling vineyard space and tough climate conditions that pummeled mega-producers France and Italy, wine output worldwide for this year is forecast to be 243.5 million to 252.9 million hectoliters — or 6.4 billion to 6.7 billion gallons — according to the International Organization for Vine and Wine.

That’s the smallest amount in 37 years, Director General Federico Castellucci said at a Paris news conference Tuesday, according to Bloomberg.

In 2011, the industry produced 7 billion gallons of vino, according to the group, which is known as OIV. Growth rates are positive in the U.S. and the Southern Hemisphere in countries such as South Africa. Chile’s production levels are projected to hit a record level of 280 million gallons.

But among the major producers in the European Union, only Portugal and Greece are expected to yield more wine than they did last year.

FULL STORY via latimes.com