US markets news

Wine production and consumption

4/30/2018

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The International Organisation of Vine and Wine (OIV) says global wine output fell to its lowest level in 60 years in 2017. Poor weather conditions in the European Union was blamed. Wine production totaled 250 million hectoliters last year, down 8.6 percent from 2016. A hectoliter represents 100 liters, or the equivalent of just over 133 standard 75 cl wine bottles. Production was stable in the United States, the world’s fourth largest producer and largest world wine consumer with 32.6 million hectoliters.
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