wine shortage


You’ll soon be spending more for that cheap wine

Just when you found a few good, cheap wines to rely on, they’re about to get way more expensive. According to data from the Paris-based International Organization of Vine and Wine (OIV), wine production was down this year to the lowest production levels seen since 1957. According to Reuters, it’s the weather causing the problem. Three of the world’s top wine producers, Italy, France and Spain, were hit by harsh and unusual weather last year, like drought, hailstorms and late spring frost, leading to an overall drop of 14.6 percent in production. The 2017 harvest only brought 25 billion liters of wine. That’s down from the 2015 harvest which produced 27.6 billion liters, and the 2016 harvest which brought 26.7 billion liters. The continent accounts for 65 percent of global wine production. The OIV told the Independent that this doesn’t necessarily mean there will be a shortage of wine unless the weather conditions and poor harvest…