The good news for wine drinkers is that an increase in French barrels will keep European volumes stable despite severe droughts sweeping the continent, and while yields fell in most countries, farmers foresee a particularly good quality vintage.
Several EU countries including France and Spain have suffered one of their worst droughts on record this year, exacerbated by successive heatwaves.
"Overall, the 2022/23 harvest is characterised by the impact of the droughts and scorching temperatures raging across Europe and leading to a precipitate harvest and reduced yields. On a positive note, grapes are in a very good phytosanitary state, portending wines of excellent quality," it said in a statement.
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