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GLOBAL: World wine production creeps up - OIV

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Europe will push world wine production slightly higher in 2011, according to a forecast from the International Organisation of Vine & Wine (OIV).

The Paris-based body said today (8 November) that it expects wine production in the European Union (EU) to reach 158.2m hectolitres in 2011, up by 1.3% on 2010. The rise comes in spite of the European Commission's scheme to persuade winemakers to rip out their vines in return for compensation.

Beyond the EU, wine production for the rest of the world is expected to remain level with last year. However, this blanket forecast hides important differences. The US, for example, is expected to report wine production for 2011 down by 10%, to 18.74m hectolitres (hl), while production in Australia is up 5.5% to 11.9mhl. Chile, meanwhile, is expected to show record wine production of 10.6mhl in 2011, up by 15.5% on 2010.

The OIV said that it is too soon to accurately forecast global wine consumption in 2011, but said that it expects this to be between 235.7mhl and 251.5mhl.

Earlier this year, figures published jointly by Vinexpo and IWSR forecast that the world wine surplus will fall over the next four years. In 2009, 8% more wine was produced than consumed, but this gap  is expected to fall to 6% in 2014.


Sectors: Wine

Companies: Vinexpo

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