Italian wine production down in 2012

Harvest figures show low yields, higher prices expected

Italian wine production down in 2012

(ANSA) - Rome, October 18 - Wine production dropped in 2012 throughout Italy, the winemakers' association Assoenologi said on Thursday. An annual report based on harvest figures said that production in Italy amounted to 39.3 million hectoliters for 2012, an 8% decrease compared to 2011. The lower yields however will fetch prices up to 50% higher, said Assoenologi. "The increase in prices could be damaging to Italian winemakers' overseas sales, especially in the Canadian and US markets," Giuseppe Martelli, director of Assoenologi said.

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