Connect to share and comment

New Zealand winegrowers report bumper harvest

New Zealand winegrowers enjoyed a record harvest in 2013 but are well placed to avoid the oversupply issues that have hampered them in the past, accounting giant Deloitte said Thursday. Deloitte reported winegrowers produced a grape harvest of 345,000 tonnes in 2013, the biggest on record and a 28 percent increase on the previous year. Previous bumper harvests in 2008 and 2009 resulted in a wine glut, forcing down prices, but Deloitte said the industry had learned its lessons and put plans in place to deal with a rise in volumes.

New Zealand looks to uncork 'lifestyle' wine niche

New Zealand winegrowers launched a $14 million research project Wednesday aimed at capitalising on growth in demand for so-called "lifestyle" wines, with low calories and less alcohol. The Lifestyle Wines initiative, jointly funded by industry and government, is the country's largest ever wine research project, reflecting the belief that it can significantly lift exports currently worth NZ$1.2 billion ($1.0 billion) annually.
Syndicate content