Global wine demand falls to lowest level in 27 years
Paris. Global wine consumption fell last year to its lowest level since 1996, as inflation raised prices to record levels, deterring consumers already facing lower purchasing power, the International Vineyard Organization reported Thursday. the Wine (OIV). The Paris-based OIV estimated global wine consumption in 2023 at 221 million hectoliters (mhl), 2.6 percent less than in … Read more