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Scarce vintage: Winegrowers wrap smaller than usual harvest

Scarce vintage: Winegrowers wrap smaller than usual harvest
28 Apr, 2021 05:00 PM
4 minutes to read
Smaller harvests in New Zealand will force winemakers to increase their prices. Photo / Getty Images
Aimee Shaw is a business reporter focusing on retail, small [email protected]@AceeyShaw
New Zealand s wine crop harvest is down double digits this year, with one of the country s largest wine company s yield down by more than a quarter.
A combination of November frosts and inclement weather during
flowering season in December, compounded by near-drought conditions in the three months leading up to harvest, have resulted in smaller output for winegrowers around the country, says Matthew Deller, Villa Maria chief global sales and marketing officer. ....

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An 'exceptional vintage', but producers may take a profit hit as overheads rise

Production costs at Marlborough’s Nautilus Estate were around 10 per cent to 15 per cent higher this year, with limited opportunities to pass on the cost, winemaker and general manager Clive Jones said.
“That depends on your relationship with your distributor or whether there is an opportunity to push through a price increase. Profits will be down. That has an impact on capital expenditure on vineyards and less opportunity to be buying new equipment and things like that.”
The whole industry was facing increased production costs, and ongoing labour shortages due to border closures had added pressure. At the same time, there had been “unprecedented demand” from export markets including Britain, the United States and Australia. ....

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Winebow Imports Welcomes Villa Maria Estate to Portfolio

Winebow Imports Welcomes Villa Maria Estate to Portfolio
winebusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from winebusiness.com Daily Mail and Mail on Sunday newspapers.

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