Global wine production seems set to fall five percent in 2016, ranking at the lowest level of output in four years.<br />The International Organization of Vine and Wine (OIV) published estimates on Thursday, predicting the global output of wine would fall to 259 millions of hectolitres (mhl), a significant decrease compared to 2015.<br />OIV noted “climatic events” affected production across South American countries with estimated output levels decreasing sharply in Argentina, Chile and even by 50 percent in the case of Brazil.<br />Italy, France and South Africa also saw drops in production levels, while Australia, New Zealand and the U.S. are expected to report an increase.<br />The forecast for 2016’s production levels ranks among the three poorest years of production since 2000, according to OIV’s early estimates.
