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California vineyards 'over-planted' by more than 20,000 hectares // Liv-ex: Only Italian wines escapes declines during January

February 18, 2025 - Wine Industry Insight Daily News Feed

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“Though some may feel like we are in a freefall, we are not. Despite the COVID shocks that made it more challenging to get an accurate read during the last five years, we are already through a period of declining consumption patterns and increasing retail and wholesale inventories. That’s Phase One of the correction, and being partially through that stage is a positive.”

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