German Winemakers Face Crisis as Grape Harvest Plummets
Extreme weather and economic challenges threaten the future of Germany's wine industry with a significant drop in grape yields.
- The 2024 grape harvest in Germany is projected at 7.9 million hectoliters, marking a 10% decrease from the ten-year average.
- Extreme weather conditions have heavily impacted regions such as the Ahr, Sachsen, and Saale-Unstrut, exacerbating the crisis.
- Despite reduced production, high stock levels keep market prices low, with bulk wine selling for as little as 70 cents per liter.
- Winemakers face rising production costs, with expenses nearly double the current selling price, leading to financial strain.
- Efforts to stabilize the market include potential 'rotational fallows' and calls for increased domestic consumption of German wines.