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

 

Smaller New Zealand wine vintage is full of promise

The 2017 grape harvest has come in smaller than expected according to New Zealand Winegrowers.

The 2017 Vintage Survey shows the harvest totalled 396,000 tonnes, down 9% on last year said Philip Gregan, CEO of New Zealand Winegrowers. “Given strong demand in overseas markets wineries had been looking forward to a larger harvest this year. With the smaller vintage however, export volume growth is likely to be more muted in the year ahead.”

Mr Gregan said the smaller vintage was due to weather conditions. “Generally summer weather was very positive but there were some challenges as the season progressed.”

In terms of vintage quality Mr Gregan said wineries were confident the vintage would deliver the fruit flavours that New Zealand wine is renowned for. “Reports from across the wine regions indicate that generally wineries are positive about the vintage quality. However, as always the ultimate test will be how the market reacts to the wines when they are released. At this stage we are confident the 2017 vintage wines will add to New Zealand’s reputation as a premium producer of cool climate wines.”

New Zealand wine is exported to more than 90 countries and wine exports are currently valued at $1.65 billion per annum. Wine is New Zealand’s 5th biggest export good.

-ENDS-


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Official Cash Rate Unchanged At 1 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment remains around its maximum sustainable level while inflation remains below the 2 percent target mid-point but within our target range... More>>

ALSO:

Food Prices: Avocados At Lowest Price In Almost Three Years

Avocados are at their cheapest average price since February 2017, with tomato, lettuce, and cucumber prices also falling, Stats NZ said today. More>>

Auckland Port Move: Cabinet Ministers Deliberate On Report

Cabinet ministers now have a copy of a report urging the government to move the Auckland port up north, but say no final decisions have been made. More>>

ALSO:

Toxicology Tests Planned: Dead Rats Washed Up On Beaches

As many as 600 rats washed up on Westport's North Beach over the weekend to the horror of locals. DOC said they may have been killed by a recent 1080 poison drop 140km away and washed down the Buller River after heavy rain battered the coast. More>>

ALSO: