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Stock impact report

The wine business faces an existential threat [Yahoo! Finance]

First Citizens BancShares, Inc. - Class A (FCNCA) 
Company Research Source: Yahoo! Finance
For the first time since Prohibition, the global wine industry faces an existential threat. Consumption has fallen to levels not seen in decades, and the structural decline suggests this is not a temporary slump but a permanent realignment of the market. Global wine consumption fell 3.3% in 2024 to 214.2 million hectoliters, the lowest level since 1961, according to the International Organisation of Vine and Wine (OIV). Production dropped 4.8% to 225.8 million hectoliters, also a six-decade low. The industry has seen a wave of vineyard removals across major wine-producing regions, from California's Central Valley to France's Languedoc-Roussillon to Germany's Mosel. California growers left an estimated 300,000 tons of grapes unharvested in 2024 and removed 37,000 acres of vines, with industry groups calling for another 50,000 acres to come out in 2025. French producers in some regions tore out 14% of their vines. Germany expects to lose up to 10% of Mosel's vineyard area over the Show less Read more
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