Global wine production expected to hit 50 year low

London : If you are a wine lover, then we have some important news for you.

According to the International Organisation of Vine and Wine, global wine production is all set to fall to its lowest level in more than 50 years, reports The Independent.

The organisation blamed the decline on extreme weather hitting the world's top wine producers - Italy, France and Spain - in recent years.

Italy saw a drop of 23 percent in 2016, France 19 percent and Spain 15 percent.

This news can be hard-hitting for a country like India, whose wine production was project to reach 21 million litres by 2018.

Jean-Marie Aurand, director-general of the Paris-based OIV, said its projections showed world wine production in 2017 was on course for its lowest levels for several decades.

The news is worse for fans of chianti and prosecco, with Italy the worst hit of the big three growers. Its output is predicted to slump 23 percent to 39.3 million hectolitres this year.

There is also pain in store for French wine buffs as the OIV predicts a 19 percent fall in France's output to 36.7 million hectolitres. In Spain, production is also expected to fall by 15 percent, to 33.5m hectolitres.

However, the organisation predicted better news for the new world wine producing regions, which include Australia, South America and the US.