Port Wine Cuts the 2025 Vintage Authorisation to 75,000 Pipas in a 28% Two-Year Step-Down — €365 Million Business Volume, 65.7 Million Litres Sold and a Driest-Since-1931 Summer Frame the Structural Question
IVDP authorised 75,000 pipas for 2025, a 28% cut from 2023. Port sales at 65.7M litres, business volume €365M (-2%), Brazil exports -29%. IPMA marks 2025 as Portugal's driest and hottest summer since 1931.