Italy: Italy’s Wine Production to Drop 14 Percent on Rainy Summer
According to Assoenologi, the Italian Association of Enologists, Italy’s CY 2014 wine production is forecast to drop 14 percent from the previous campaign to 41.6 million hectoliters (Mhl), due to unfavorable weather conditions this summer. The United States is expected to remain the leading destination for Italian wine, reaching $1.5 billion during 2014.
Italy: Italy’s Wine Production to Drop 14 Percent on Rainy Summer