BREAKING NEWS

World wine output seen at four-year low

By REUTERS

OCTOBER 20, 2016 13:27

PARIS - Worldwide wine production is expected to fall this year to its lowest since 2012, chiefly due to adverse weather that sharply cut output in France and South America, wine body OIV estimated on Thursday.

Global wine output is set to decrease by 5 percent compared with last year to 259.5 million hectolitres (mhl), one of the three smallest volumes since 2000, the Paris-based International Organization of Vine and Wine (OIV) said in preliminary estimates for this year.

An expected 12 percent drop in French production, to 41.9 mhl, and steep declines in Chile (-21 percent to 10.1 mhl), Argentina (-35 pct to 8.8 mhl) and Brazil (-50 pct to 1.4 mhl) accounted for most of the projected global fall, the OIV said.

South Africa was also expected to see a sharp decline in output, losing 19 percent to 9.1 mhl.

Russia says it downs seven Ukrainian missiles over Kursk region

By REUTERS

11/25/2024 06:16 AM

Uruguay's center-left secures presidential victory with 49%

By REUTERS

11/25/2024 05:31 AM

Australia PM plays down privacy fears of social media ban for children

By REUTERS

11/25/2024 04:58 AM

Russian forces capture British man fighting with Ukraine, RIA reports

By REUTERS