2018 harvest: +24% production compared to the previous year

Milan, 12 December 2018 – The Italian Oenologists Association (Assoenologi) has confirmed that the production of the 2018 harvest in Italy was 24% more than the previous harvest.

Overall production will be about 52.5 mhl, compared to 42.5 million for the 2017 grape harvest. From a qualitative point of view different situations were registered, due to both climatic conditions and the quantity of grapes produced.

The most productive regions were Veneto (9.7 million hectolitres) and Puglia (8.1 million hectolitres). Therefore, after a miserly 2017, there has been a return to abundant production, which has brought with it a reduction in price for wines and grapes from the highest prices ever recorded in the previous period.

Alessandro Mutinelli, IWB CEO, comments: “After a critical harvest like 2017, which caused significant increases in the cost of raw materials in the financial year 2018, we now find ourselves with an abundance of product and falling prices. In 2019, when the production of this harvest will go on sale, there will be less pressure on the accounts and greater competitiveness on international markets.”