Global wine production falls by 5% due to 'climatic events'

South America, particularly Argentina and Chile, sees biggest decline, a potential worry for fans of wines such as malbec Global wine production has fallen by 5% because of "climatic events" causing steep drops in production in most of the southern hemisphere, particularly Chile and Argentina. While the amount of wine produced this year should meet estimated consumer demand, the figures from the International Organisation of Vine and Wine (OIV), which show that 2016 was among the lowest producti...