You don't look now, but the cost of beef and wine are both going up. Hear about it at Urban Legends and stranger truths Wine consumption per capita in liters has gradually been going down over the course of the years, and the actual global wine production has fallen to a 62 year low. This year, an industry body said that 2023 volumes were reduced by a, quote, perfect storm. Warm of drought, frost, and heavy rainfall in wine growing regions