26 Apr 2018 – “Worldwide Wine Output Collapses To 60-Year Low, Sparks Fears Of Major Shortage,” says zerohedge.com headline.
The Director-General of the International Organization of Vine and Wine, Jean-Marie Aurand, warned that global wine production collapsed in 2017, with a contraction of 8.6 percent compared with 2016. In fact, global wine output dropped to its lowest levels since 1957, primarily due to poor weather in the Eurozone which slashed production across the entire bloc.
In France, vinters reported “widespread damage in Bordeaux, Burgundy, and Champagne, with some losing their entire 2017 crop.
“If it gets any warmer it’s going to snow,” says Carl.
“It’s just beginning,” says Ronald. “Build your greenhouses now.”
I’ve reported previously about the decline in French wine production here:
Burgundy wine growers on verge of bankruptcy – 6 Nov 2017 – That’s what three years of frost can do.
French wine output lowest since 1957 – Italy wine output even lower – 7 Oct 2017 – “The drop in production will be mainly on account of the hard spring frost,” the French Agriculture Ministry said.
France – Worst wine grape harvest since 1945 – 26 Aug 2017 – “Mainly attributable to the severe spring frost.” Wine harvest in Switzerland, Austria, Germany and Hungary also in trouble.
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April 27, 2018 at 09:57PM