Spanish wine is trendy these days. Unfortunately, it’s also about to be very scarce. According to Spain’s Ministry of Agriculture, 2017’s grape harvest is estimated to be down almost 20% from the previous year.
The steep drop-off was attributed to a number of severe weather conditions including frosts, extreme heat, and a drought.
And, yes, that does mean that prices are likely rising. “The declarations confirm a relatively low production campaign, which, together with the low production of the main EU producer countries, has led to a price increase in the wine market,” declared a statement from the ministry.
The exact drop is predicted to be 19.6% lower than 2017 and 17.6% lower than the average of the last six years.
The estimates are based on provisional production data from the department’s Market Information System of the Wine Sector (INFOVI). “They reflect a production of wine and must of 35.6 million hectoliters, of which 32.8 million correspond to wine and 2.8 to the must in the hands of the producers at 30 November. 96.6% corresponds to declarations of wine and must producers with average productions greater than or equal to 1,000 hectoliters per campaign,” explained a government release. “Of the wine production, 13.6 million hectoliters have been declared as wine with Protected Designation of Origin (PDO), 3.6 million hectoliters as wine with Protected Geographical Indication (PGI), and 6.2 million hectoliters as varietal wines. The rest of the wines represent 29% of the total production.”