Reuters is reporting on the decline in wine production in Italy. The wine output in Italy is expected to decrease by 12% this year (2023), falling below 44 million hectolitres. This significant drop is attributed to extreme weather conditions and fungal diseases that have adversely affected the vineyards.
As a result of this decline, Italy has lost its leadership position in wine-making to France. However, the concern isn’t primarily about Italy losing its lead in wine production volumes and is instead suffering more from the decline in both local and international demand.
