New Zealand 2012 vintage wine supplies a fifth smaller than last year
Wineries in New Zealand are preparing themselves for a much smaller supply of 2012 vintages after it was revealed that the amount produced was nearly a fifth smaller than in the previous year, according to an article published by Decanter.com.
In a reversal of fortunes - with concerns previously surrounding a significant amount of surplus wine - the wine grape harvest for 2012 came in at 269,000 tonnes - representing a fall of 18 per cent compared to 2011s haul.
Trade body New Zealand Winegrowers also revealed that the amount of Pinot Noir produced during 2012 was also down by 25 per cent, with Sauvignon Blanc down by 19 per cent.
Commenting on the results, CEO of New Zealand Winegrowers, Phil Gregan, stated: "The 2012 vintage is very similar in size to 2010, but given sales growth in the past two years, the reduced crop will introduce a new tension to the sectors supply demand balance."
David Cox, New Zealand Winegrowers Europe director, also added that while it was disappointing to see a much lower level of Sauvignon Blanc being produced, it wasnt all disappointing news.
"I think this year will allow us to focus on building profitable growth and returning value and so I do predict that the incidence, and historic need, to discount some of our Kiwi Sauvignon Blanc will disappear and that has to be a good thing," Cox said.
Information brought to you by Serenata Wines - your favourite wines online
Date added:12/07/2012 11:06:11