The Winery Anna's Vineyard of Gori&scaronka Brda of Primorje

Rampant inflation, the global fuel crisis, recession fears and fiscal tightening from central banks have caused equities and bonds to tank over the past few months. Fine wine has significantly outperformed global equities and most commodities, but market momentum has been ‘much more subdued’ in the second quarter of 2022, said Liv-ex, a global marketplace for the trade. The Liv-ex 1000 – which tracks the performance of 1,000 leading fine wines – increased by 3.6% year-on-year in ster ...

There’s been a focus on making wine production less energy intensive as well as environmentally friendly in order to address climate change. The efforts continue but, as is the case for electric cars where it’s the battery technology that needs innovating, it’s in wine bottles where we’re seeing rapid change. It comes in a two-pronged attack to reduce energy use in manufacturing and then an even bigger emphasis on reducing bottle weight for shipping to reduce fuel usage and thus CO2 production. ...

World wine production in 2021 is set to fall by 4% versus last year, to around 250 million hectolitres (mhl), equal to 25bn litres and close to the historic low witnessed in 2017, the International Organisation for Vine & Wine (OIV) has estimated. Its figures are preliminary, but they highlight the ‘severe impact’ of ‘adverse climatic conditions’ on the 2021 vintage in parts of Europe, said OIV director-general Paul Roca during a virtual press conference. Europe’s big ...