The Big Wine Lake drying out

According to the latest statistics from the OIV (Organisation Internationale de la Vigne et du Vin) the surplus of wine produced in the world seems to be diminishing. World consumption has grown with 2 million litres. It’s not that we drink more. It’s rather that there are more people drinking: “new” wine consuming countries are increasing the number of consumers, China, Thailand, Russia, Singapore, Korea… On the other side, production has gone down a bit since the peak in 2004 and 2005. Many “old” producer countries make less wine today whereas there is an increase in many “new” wine countries, e.g. in the European New World of wine (Eastern and Central Europe). So we are approaching equilibrium between production and consumption. On a global level, of course…

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