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

 

Good weather great news for winegrowers

29 September 2014

MEDIA RELEASE

Good weather great news for winegrowers

Warmer than usual weather in Marlborough and Hawke’s Bay this year has resulted in some vineyards seeing record profits.

These are the findings of the 2014 Viticulture Monitoring Report, released today by the Ministry for Primary Industries (MPI) and the New Zealand Winegrowers Association.

Based on interviews with contract grape growers and wineries in the two regions, the report is positive news for the wine industry as a whole, says MPI’s Director of Sector Policy, Jarred Mair.

“The wine industry is a significant contributor to New Zealand’s economy and it’s pleasing to see vineyards reporting increases in price paid per tonne and profits before tax.”

New Zealand Winegrowers Chief Executive, Philip Gregan, says this report is encouraging news for the industry.

“The Marlborough model shows a 25 percent increase in profit before tax for the 2013/14 year, and in Hawke’s Bay there’s an impressive 139 percent increase.

“Growers are emerging from some difficult years and they realise there is a fine line between supply and demand, but overall they’re optimistic about their business, with good demand for New Zealand wine.”

MPI has conducted a viticulture monitoring programme since 2004 – although this year is the first time it has collaborated on the report with the New Zealand Winegrowers Association.

“This partnership is a positive example of government working with industry to better understand what’s going on at ground level,” says Mr Mair.

MPI also partnered with the wine industry when it invested in the New Zealand Winegrowers-led Lifestyle Wines programme under the Primary Growth Partnership (PGP). The programme aims to position New Zealand as number one in the world for premium lifestyle wines.

“MPI is committed to continuing to work together with the wine industry,” says Mr Mair.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>

ALSO:

Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>

ALSO:

RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>

ALSO:

ScoopPro: Helping PR Professionals Get More Out Of Scoop

Scoop.co.nz has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>

ALSO: