Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

Oyster Bay owner Delegat says NZ harvest up 33% on 2015

Thursday 12 May 2016 03:06 PM

Oyster Bay owner Delegat says NZ harvest up 33% on 2015.

By Edwin Mitson

May 12 (BusinessDesk) - Delegat Group, the winemaker that retails under brands including Oyster Bay, says it has completed the 2016 harvest, with yields in New Zealand up 33 percent on a difficult 2015.

the total harvest was 35,837 tonnes, with New Zealand making up 33,236 tonnes of the total.The group also owns vineyards in the Barossa Valley in South Australia, which yielded 2,601 tonnes, up 56% on a year ago.

Last month Rabobank said it expected wine production volumes in New Zealand to be significantly higher than in 2015 when unseasonably cool weather led to a much lower harvest.

Delegat managing director Graeme Lord said that the 2016 vintage "has delivered excellent quality in all regions with ideal weather conditions prevailing throughout the growing season". It says it will have appropriate inventory to achieve planned future sales growth of 3.17 million cases by 2020. The company is focusing on boosting sales in North America and growing the Barossa Valley Estate brand worldwide to hit those numbers.

Delegat stock rose 0.2 percent in trading at $6. They've risen 1.5% since the start of the year.

(BusinessDesk)

ends

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.