Decrease Wine production worldwide… premium wines
During 2017, wine production worldwide fell by 8.6% compared to 2016, which translates into only 250 million hectoliters. According to the information provided by the International Organization of Vine and Wine, the world wine production in 2017 reached its lowest level in 60 years due to bad weather conditions in the European Union that made the supply of the block decrease. In 1957 the lowest level was recorded, when production fell to 173.8 million hectoliters. One hectoliter is equivalent to…