Wine industry facing a hangover
Wine industry facing a hangover
Apr 2, 2010 6
NZ - The Kiwi wine industry is a big hitter, with nearly a billion dollars in exports, fast growth and a stellar reputation for making sauvignon blanc.
And yet alarm bells are ringing.
An industry outlook for 2010 by Bloomberg business news puts it bluntly: "New Zealand wineries will be in trouble."
So what is it that has the American-based analyst so spooked about our industry?
Wine exports have soared in value from $125.3 million in 1999 to $991.7 million for the year ending June 2009.
Comments