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Global Wine Output Rebounded In 2018: OIV

By Dayeeta Das
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Global wine production rebounded to a five-year high in 2018 from a historic low last year, the International Organisation of Vine and Wine (OIV) said on Friday.

Output rose 12.4% to 282 million hectolitres - one of the largest volumes of the century - from 251 million hectolitres in 2017, when bad weather in Europe weighed on production.

European Output

This year's European output, excluding juice and musts, rose 19% to an estimated 168 million hectolitres. Production rose 14% to 48.5 million hectolitres in Italy and 27% to 46.45 million hectolitres in France, respectively the top- and second-ranked global producers.

Production by the United States rose 2% to 23.9 million hectolitres in 2018, a third consecutive bumper year that confirmed its fourth position in the global ranking, OIV said.

A hectolitre amounts to 100 litres, or the equivalent of 133 standard wine bottles.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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