Question: How is total wine production looking for 2023?
Answer: The OIV (International Organisation of Vine and Wine) just released their earliest numbers estimating that it is the lowest volume since 1961. This is a result of lower production due to adverse weather conditions especially in the Southern Hemisphere countries of Argentina, Australia, Brazil, Chile and South Africa plus in the European Union of Italy & Spain. New Zealand and the USA both showed higher than average production. However, keep in mind that these numbers don’t include the ever increasing amount of wine by China.
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