World Wine Output Falls to 60-Year Low

Global wine output fell to its lowest level in 60 years in 2017 due to poor weather conditions in the European Union that slashed production in the bloc, international wine organization OIV said. Wine production totaled 250 million hectolitres last year, down 8.6 percent from 2016, data from the Paris-based International Organization of Vine and Wine (OIV) released on Tuesday showed. It is the lowest level since 1957, when it had fallen to 173.8 million hectolitres, the OIV told...

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