It's near fermented drink (7)
I believe the answer is:
retsina
'drink' is the definition.
(retsina is a kind of drink)
'it's near fermented' is the wordplay.
'fermented' indicates anagramming the letters.
'its'+'near'='itsnear'
'itsnear' anagrammed gives 'RETSINA'.
(Other definitions for retsina that I've seen before include "Greek drink" , "Greek resin-flavoured wine" , "Nastier (anag) - Greek wine" , "Oily-tasting Greek white wine" , "Greek white wine flavoured with resin" .)