-
Kenya's economy faces climate change risks: World Bank
-
Brazil's Lula, 80, says 'in great shape' as he launches fourth term bid
-
Handbag tosses and high-heeled sprints: Amsterdam celebrates Drag Olympics
-
South Korea records its highest-ever temperature of 42.5C
-
Baltics transform from Soviet stagnation to startup hubs
-
AI keeps consumer prices high in 'RAMaggedon' chip crunch
-
Five of Cuba's 15 provinces without power as grid fails again
-
Baltic startups take aim at deterring Russia on NATO's eastern flank
-
OPEC+ tipped to raise production again but new quotas loom
-
France's largest wildfire in decades 'under control', says minister
-
South Korea baseball league cancels two games over heatwave
-
Warsaw and Kyiv exhume Volyn victims at centre of diplomatic quarrel
-
India PM Modi says he forgives protesters who abused him
-
California lifeguards wiped out from extreme weather
-
US plans steep water cuts for southwest amid Colorado River crisis
-
Amazon surges as US stocks shrug off bond yield worries
-
Oil giants report blowout profits on war, warn high gas prices could persist
-
Hungary to shut nuclear plant as heatwave hits central Europe
-
Google launches new satellite image AI tool, alarming researchers
-
Tech-fuelled rally fizzles as oil prices rise
-
US Fed dissenters call for rate hikes over sustained inflation
-
Alarm over climate-linked low level of German waterways
-
New York sues online prediction markets giant Kalshi
-
Commerzbank agrees to talks with UniCredit after two-year standoff
-
Profits surge at US oil giant amid Iran war supply shock
-
Fornaro Legal Releases Guidance to Help Businesses Maintain Clear Ownership Records During Growth
-
Stock markets rally on tech rebound
-
Japan probe made closest-ever asteroid flyby: space agency
-
France, Spain assess scorched terrain as new wildfires threaten other regions
-
British oil giant BP aims to sell North Sea business
-
Chipmaker Kioxia reports AI-driven 45-fold surge in quarterly net profit
-
China factory activity slides as leaders seek spending boost
-
Far right and far left battle for power in polarised Berlin
-
Tech rebound fuels record-breaking rally in South Korean stocks
-
The last trio: S.Africa's zoo elephants await their fate
-
Cables and cooling bring AI windfall to Indian suppliers
-
Oil industry sees war windfall but girds for political blowback
-
Anthropic's models gained unauthorized 'real-world' access during testing
-
Amazon beats expectations with cloud and AI growth
-
Apple tops estimates in CEO Cook's final quarter, but shares fall
-
Blowout Microsoft results lift US stocks as oil retreats
-
Milei demands expulsion of foreigners expressing 'hate' against Argentina
-
'Beginning of the end': Relief but no party as French wildfire winds down
-
Italy's Po River valley on drought alert
-
Southern Europe 'becoming more flammable' in hotter climate, experts say
-
Prada profits pinched as growth hard to chase
-
Mammoth bones found on parched bed of Danube in Bulgaria
-
Stocks climb on earnings and rates, oil retreats
-
MEXC Lists Grvt (GRVT) with $60,000 Worth of GRVT and 10,000 USDT in Airdrop+ Rewards
-
US economic growth slows in second quarter, missing expectations
World wine output set for modest 2025 recovery: industry body
Global wine production is on course for a modest recovery in 2025 after suffering a sharp downturn last year, the industry's international body said Wednesday.
Output will, however, continue below recent averages as climate change and changing consumer habits take their toll, the International Organisation of Vine and Wine (OIV) said in a statement.
Wine production is projected to total some 232 million hectolitres, an increase of three percent over 2024 which saw the industry's worst yearly output since 1961.
The OIV gathers data from 29 countries representing 85 percent of the world's wine production.
The outlook for 2025 confirms "a period of persistently reduced global supply, impacted by climatic challenges and evolving consumption models", it said.
The European Union, which accounts for 60 percent of global wine production, continues to face "high climatic variability", with France and Spain recording very low harvests, Italy recovering to near-normal levels, while some central and southeast European countries have improved on recent averages.
Elsewhere in the northern hemisphere, the United States recorded "only a partial rebound" from 2024 levels.
Southern producers saw a moderate recovery, driven by improvements in South Africa, Australia, New Zealand and Brazil. Their rebound offset a significant decline in Chile, where production suffered from heatwaves, patchy rainfall and water shortages.
But while climate impacts have created serious problems for some producers, the overall picture is not all negative, as global wine supply adapts to softer demand, according to OIV Director General John Barker.
"We should never forget that there are individuals and regions who are affected by these climate impacts," he said.
"But, when we step back and look at it from an overall global supply and demand situation, really it is a positive picture that we are seeing: more balance between global supply and demand and that is certainly supporting stronger export pricing," he told AFP.
Global wine consumption has been steadily declining in recent years, reaching its lowest level in more than six decades last year, according to OIV data.
P.Petrenko--CPN