Unfortunately for wine lovers across the world, a shortage of wine has been predicted for next year, following a poor wine harvest in many regions ruined by bad weather conditions.
According to the International Organisation of Vine and Wine (OIV), wine production is expected to fall from 264.2 million hectolitres in 2011 to 248.2 million hectolitres for the last quarter of this year and the beginning of 2013.
This is the lowest level predicted since recording by the OIV began in 1975, who also expect that world wine consumption is estimated to reach between 235.7 million hectolitres and 249.4 million hectolitres in the same time period – meaning that the price of wine is expected to increase substantially. Wine producers in Argentina have been affected the most by ruined harvest and their output is said by the OIV to have fallen by at least one-quarter this year.
Followed by France, where this year’s seasonal weather brought droughts, hailstorms, extreme cold and wet conditions, heat waves and a rain-less summer. Their production has decreased by 20%.
Others greatly affected include Italy where output has dropped 3.5%.
Hungary, Spain and New Zealand have also experienced decreased production rates.
The only positive output trends have been noted in America, where a 7.1% increase in production this year was registered.