Global wine production expected to fall by 5% due to 'climatic events'

South America, particularly Argentina and Chile, sees biggest decline, a potential worry for fans of wines such as malbecGlobal wine production is expected to fall by 5% in 2016 because of “climatic events” causing steep drops in production in most of the southern hemisphere, particularly Chile and Argentina.The International Organisation of Vine and Wine (OIV) estimates that output will reach 259.5m hectolitres (mhl) this year, making 2016 among the lowest production years in the pa