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Naked Wines plc
WINE.UK
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‘Death by a thousand cuts’: Possible booze tax hike slammed

The hospitality industry criticizes a potential 4.5% alcohol tax hike, citing inflation. This increase could further harm the struggling sector, with alcohol sales declining since 2023. The Wine and Spirits Trade Association warns of higher prices and job losses, with pubs closing at a record rate. The industry faces multiple tax burdens, affecting profitability and consumer prices.

cityam·
UK
WINE
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cityam·
UK
WINE
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World wine output set for modest 2025 recovery, says industry body

Global wine production is expected to recover modestly in 2025, reaching approximately 232 million hectolitres, a 3% increase from 2024. However, output will remain below recent averages due to climate change and shifting consumer habits, according to the International Organisation of Vine and Wine (OIV). The EU, responsible for 60% of production, faces high climatic variability, with France and Spain experiencing low harvests. While some regions see improvements, global wine consumption has declined, reaching its lowest level in over 60 years.

Businesstimes·
UK
WINE
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Businesstimes·
UK
WINE
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World wine output set for modest 2025 recovery: industry body

Global wine production is expected to recover modestly in 2025, reaching approximately 232 million hectolitres, a 3% increase from 2024. Despite this rebound, output remains below recent averages due to climate change and shifting consumer habits. The European Union, responsible for 60% of production, faces significant climatic challenges, while southern producers like South Africa and Australia show moderate recovery. Overall, the industry sees a more balanced supply-demand situation, supporting stronger export pricing, despite declining global consumption.

Yahoo Finance·
UK
WINE
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Yahoo Finance·
UK
WINE
0.00%

Tariffs push U.S. wine industry into uncertain territory

Wholesalers in the wine industry warn that prices could be rising soon. The Trump administration’s tariffs have impacted both importers of foreign wines and wineries at home dealing with higher operating costs.

MSN·
UK
WINE
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MSN·
UK
WINE
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France's 2025 wine output forecast at historic lows for second year

France's farm ministry forecasts wine output for 2025 at 36.2 million hectolitres, unchanged from last year's historic lows, due to a summer heatwave and drought. This marks a 16% decrease from the five-year average, continuing a trend of reduced yields for the second consecutive year. Champagne production is expected to rise by 14% year-on-year, but remains below average. Bordeaux and Languedoc-Roussillon regions also face declines in output due to adverse weather and vineyard reductions.

Reuters·
UK
WINE
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Reuters·
UK
WINE
0.00%