Italian wine production down in 2012
Harvest figures show low yields, higher prices expected18 October, 18:06
An annual report based on harvest figures said that production in Italy amounted to 39.3 million hectoliters for 2012, an 8% decrease compared to 2011. The lower yields however will fetch prices up to 50% higher, said Assoenologi.
"The increase in prices could be damaging to Italian winemakers' overseas sales, especially in the Canadian and US markets," Giuseppe Martelli, director of Assoenologi said.