Wine industry toasts production, consumption rise

The global wine trade turns in a healthy performance as wine lovers increase consumption. The global wine trade improved last year, with the US and China driving consumption, and New Zealand the star performer on the production side, according to a just-released report. The report, from Dutch-based Rabobank, showed that while the generic end of the market was struggling with oversupply and lower demand, the upper levels of the trade were booming, following on from a light vintage in 2015.