Wine Economics Archives

OIV Releases 2022 Global Wine Production Projections

OIV releases its report on 2022 Global Wine Production Projections and here are their findings:

Severe drought and extreme heat pose a new threat to wine production.

In 2022, despite the heat wave that touched many regions of the world, global wine production volume is expected to be at a level similar to the one observed last year. This would be the fourth consecutive year where the global production level can be considered as slightly below average.

This year’s harvest has been characterized by extreme heat and record-breaking drought that sped up ripening in vineyards all over the globe. A report recently published by the Global Drought Observatory indicated that almost two-thirds of the European territory was in a state of drought or on alert due to heat waves and extremely low rainfall: this has been the worst drought in the last 500 years. And Europe was not the only region impacted: from East Africa to California, extreme temperatures have been recorded this year.

Average production volume is expected in the EU, with positive performances recorded in Italy, France, and Germany, which balanced out the low harvests expected in Spain and Greece, which were particularly affected by the heat wave during summer.

First harvest forecasts in the USA indicate that production volume will be slightly lower than in 2021.

After the record-high figures of last year, Southern Hemisphere vineyards produced average volumes, with the only exception of New Zealand that, thanks to favorable climatic conditions, records the largest production ever.

Full Report

https://www.oiv.int/press/severe-drought-and-extreme-heat-pose-new-threat-wine-production

Source OIV

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Ukraine officially becomes the 49th OIV member state

Officially today, October 30, 2022, the intergovernmental viticulture organization, The International Organisation of Vine and Wine (OIV) will readmit Ukraine to its ranks. The war-ravaged Eastern European state was previously a member from 1997 to 2008, and had applied for membership last year, before the February invasion.

This brings now brings the number of OIV member states to 49.

In 2021, 660,000 hl of wine were produced in Ukraine from a vineyard area of around 42,000 ha. All of the major wine-growing countries of the world belong to the OIV.

By becoming a member of the OIV, Ukraine will benefit from the information, cooperation and services of a network of over 1,000 experts. These links will enable Ukraine to participate in decisions concerning the viticulture sector.

“By joining the OIV, Ukraine will benefit from the information, cooperation and services of a network of around 1,000 experts. These connections will enable Ukraine to participate in the fundamental decisions on the development of the sector and to make its voice heard,” OIV states.

@oiv2022mx @@oiv_int #oiv #ukrainewine #ukrainewines #wine #winelover # ukrainewinery #ukraine #vineyard #winenews #vines #viticulture

Ingredients listed on a wine label: a consumer’s perception study

A study dealing with: “Wine labeling with the list of ingredients: context, consumer’s perception and future challenges” was just released in anticipation of the new European Réglementation. The study questions the perception by the consumer of different types of ingredients on the label.

You can view this study here: https://www.wine-law.org/index.php/en/ingredients-on-wine-label-a-consumers-perception-study/

#wine #winelabelling #winenews #winestudy #winelovers #wineconsumer #winebottle #consumerresearch #winemaking

The Science Behind Nonalcoholic Wine – Smithsonian Magazine

Here is an interesting read from Smithsonian Magazine ….drinking habits are changing, and vintners are exceeding tasters’ expectations with new options stripped of their alcohol.

Market Research Firm Fact. MR estimated that global nonalcoholic wine sales reached $1.6 billion in 2021 and will double in the next decade.

https://www.smithsonianmag.com/innovation/the-science-behind-nonalcoholic-wine-180980805/

#wine #winelovers #vitners #nonalcoholic #alcoholfree #drinks #sober #drinkstagram #science #Smithsonianmagazine #nonalcoholicwine #winetrade #winemarketing #winesales #winetrends

Berry Bros. & Rudd – Some History and the Women Behind the Brand

On my way to 67 Pall Mall Wine Club for a meeting, I had some time, so I wandered into No.3…Just stepping through the front door it was a feast for my senses …. the ancient floorboards, mahogany wall paneling, antique furniture, Royal Warrants, old wine books and catalogs. Looking closer I saw portraits of former Royal family members who were regular customers, and a framed letter from the White Star Line informing Berry Brothers of the loss of 69 cases of wine and spirits in the sinking of the Titanic in 1912. What history! In short, the Berry Bros. & Rudd head office is a historian’s dream.

No. 3 St. James’s Street, London

No. 3 St. James’s Street is now used as the company’s headquarters. No.3, as it’s known, contained Berry Bros. & Rudd’s main retail premises until mid-2017, when these moved around the corner to a purpose-built shop at 63 Pall Mall.

Berry Bros. & Rudd, founded in 1698, and is Britain’s oldest, family-owned wine and spirits merchant. Still trading from No.3 St James’s Street, London, they have two Royal Warrants and five Masters of Wine on staff. Their services also include Other services it offers include wine investment, wine storage, a wine club, tutored tastings, wine events and educational courses.

Royal Warrants

Berry Bros. & Rudd has been the official wine supplier to the British Royal Family since King George III and received its first Royal Warrant of Appointment in 1903 from King Edward VII. Queen Elizabeth II granted the company her royal warrant in 1952, while Prince Charles, now King Charles lll, granted his in 1998.

Despite being 324 years old in 2022, Berry Bros. & Rudd remains at the forefront of wine and spirits innovation. Their current range of over than 4,000 wines is sourced from over 25 countries.

Berry Bros. & Rudd seems to embrace progress, and at the same time value their traditions. Still run by members of the Berry and Rudd families and they also continue to supply the British Royal Family, since King George III.

Women of Berry Bros. & Rudd

Berry Bro & Rudd has been run by the same two families for centuries; It has survived world wars and pandemics, but there is a fleet of female leaders who have shown, and now show that this historic business can and emerge stronger than ever.

The family firm began life as a grocery store in 1698, founded by a woman now known as “Widow Bourne.”

Elizabeth Rudd “Lizzy” is the current Chairman, who is currently planting the seed for the next generation with her ambitious sustainability plans and creating affordable wine investments.

Emma Fox, Chief Executive Officer, was appointed July 2020. She has been an independent director of the firm’s board since October 2017.

“Over the past few years as a director, I have got to know BB&R very well, I share its values and am passionate about a culture where people flourish and have fun,” Fox said.

#womeninwine #womeninwinebusiness #womenleaders #berrybrosrudd #london #londonwineshop #royalwarrants #winelovers #wine #wineeducation #wineinvestment #royalfamily #queenelizabeth #wineclub #BB&R #winehistory #winemerchants #londonhistory