Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


New Zealand Wine Exports Hit Record Highs

7 March 2005

New Zealand Wine Exports Hit Record Highs

February was a record-breaking month for New Zealand wine exports, according to latest figures released by New Zealand Winegrowers.

Export volumes for the year to February 2005 exceeded 44 million litres for the first time, a 55% growth on the previous year, while the Sauvignon Blanc exports for the same period exceeded 31 million litres – setting a new record and a 76% increase on the previous year.

New Zealand Winegrowers Chief Executive Officer, Philip Gregan, says exports have surged following the release of the strong 2004 vintage.

“The 2004/2005 year is set to be a watershed year for the industry, with total exports expected to approach 50 million litres by June 2005,” said Mr Gregan.

“Our export successes are the culmination of several factors – the record 2004 vintage, increasing international recognition for the quality of our wines, and increased promotional and marketing efforts in key offshore markets.”

A total of 4.2 million litres of wine were exported in February, equivalent to 467,000 cases, up 83% from February 2004.

A new record was set with exports to the US in excess of 10.5 million litres for the year to February 2005, up 60% on the previous twelve-month period.

Shipments to the UK increased 43% on the previous year to 18.9 million litres, while exports to Australia are up 92% to 8.1 million litres.

Sauvignon Blanc remains New Zealand’s strongest selling varietal in overseas markets, with 2.8 million litres exported in February and 31 million litres for the year to February 2005.

Pinot Noir exports rose to 2.2 million litres for the twelve months to February 2005, up 57% on the previous twelve months and Cabernet, Merlot and blends rose 43% in the same period to 1.4 mil litres.

“The successful year to date figures reinforce our growing status on the world stage and place us in good stead of achieving our year-end export targets,” said Mr Gregan.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news