Potential World Wine Shortage
Until recently, there has been lots of wine in the world for drinking. In fact, there has been a surplus. Unfortunately, over the last number of years supplies have dwindled because of climate change and more frequent, severe weather. Now we basically drink what we produce. It is estimated that European production, led by France, one of the largest global producers, will probably decrease by approximately 8% from last year. Large producers in the Southern Hemisphere like Argentina (down 30% from 2015) and Chile (down 25% from 2015) are feeling the effects of El Niño. South Africa is down 7% from last year. It’s simply becoming more challenging to grow wine. Why it’s enough to drive one to drink!