FIRST AIRED: April 24, 2018

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00:00:00
>> Severe weather in Europe contributed to a massive drop in wine production there last year, a 14% plunge from the year before. Big enough that it contributed to a 60-year low in the world's overall output of reds and whites, and everything in between. That's according to a trade group based in Paris.
00:00:21
The French government had previously predicted that droughts, severe storms, and an unusually late spring would contribute to a poor crop. And France and Spain were hit the hardest, posting 19 and 20% drops respectively. Spain exports more wine than any other country. Holding some 20% of the world market.
00:00:42
Despite the hit in Europe, production was largely stable in Australia, China, and the Americas.