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© Reuters. SUBMIT PHOTO: French red white wine is put into a glass at Chateau du Pavillon in Sainte-Croix-Du-Mont,
In preliminary quotes for 2020 output, the International Organisation of Vine and Red Wine (OIV) pegged this year’s world red wine production at in between 253.9 million and 262.2 million hectolitres (mhl), with a mid‑range quote at 258 mhl.
It was the 2nd consecutive year that international wine output remained listed below average after increasing to near-record highs in 2018, the Paris-based organisation stated.
” This is not necessarily to be considered bad news for the white wine sector, provided the existing context, where geopolitical stress, environment modification and the COVID-19 pandemic are producing a high degree of volatility and unpredictability in the international red wine market,” OIV said in a presentation.
In the United States, initial quotes put red wine output at 24.7 mhl, up 1%on 2019, however the projection might be modified when more information on the impacts of wildfires in the Napa and Sonoma areas emerges in the coming months, OIV said.
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