Global wine production this year is slated to decline to its lowest level in two decades due to various climatic events such as El Nino. According to The International Organisation of Vine and Wine (OIV), global wine production is projected to fall by 5% because of climatic events, resulting in sharp decline in production in most of the southern hemisphere, particularly Chile and Argentina.
https://www.thedollarbusiness.com/news/global-wine-production-to-fall-significantly-due-to-climatic-events/48350
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