SPAIN: Drought expected to cut wine harvest
The wine harvest in Spain is expected to be reduced substantially as a result of the drought the country has been experiencing.
Reports suggest that the drought will reduce wine production this year to just under 40m hectolitres, down from 50m hectolitres last year. However, the weather does not seem to have had an impact on quality with a high quality harvest forecast.
It has also been suggested that the combination of reduced volume and higher quality will result in an increase in average wine prices which have been under pressure over the past 12 months.
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