Global wine production falls, but consumption remains stable and exports increase
Global wine production falls, but consumption remains stable and exports increase
Jun 21, 2011 6
The FINANCIAL - If the world lost about 0.8% of its vineyard surface during 2010 and wine production fell to 1998 levels (263.8 millions of hectolitres or Miohl), the wine sector can still rely on consumers: global wine consumption increased a 0.4% reaching 238 Miohl, thus breaking the trend downwards started in 2007. Among the top five wine markets, US, Germany and China are the ones fuelling this slight increase.
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