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CrossHatch Winery owner buys 40-acre farm in Templeton // Pernod Ricard Misses Third-Quarter Sales Forecasts

April 17, 2025 - Wine Industry Insight Daily News Feed

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“In 2024, global wine production, excluding juices and musts, is estimated at 225.8 mhl, marking a 4.8% decrease compared to the already historically low output of 2023. This marks the second consecutive year of strong decline, resulting in the lowest production level recorded since 1961 (219 mhl), when spring frost hit major vineyards in Southern Europe, notably in France.”

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