GFM Network News


World wine output falls to 60-year low

Paris | Reuters — 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 totalled 250 million hectolitres last year, down 8.6 per cent from 2016, data from the Paris-based […] Read more

World wine output seen at four-year low

Paris | Reuters –– 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 five per cent compared with last year to 259.5 […] Read more