Afternoon Brief, February 16th

Hurricane Destroys Hawke's Bay Vineyards: Wine growers are used to rain, frost and drought, but a full-force tropical cyclone is a different level entirely...

“Winemakers . . . are often pressured to do things like reduce staff costs, or costs generally . . . Wine is a social beverage – its production should be social too.” – Oliver Styles, winemaker at Winemaker Halcyon Wines- Hawke’s Bay NZ “There is also the battle to reduce costs yet increase...
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The global bulk wine market continued to be slow through March into early April, as the ongoing economic uncertainty around the world compounds a longer-term structural weakness specific to the wine industry – namely, the multi-year slide in wine sales in key markets: according to International...
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The Southern Hemisphere harvests have passed their midway point and Argentina (-40%), Chile (-15-30%) and Australia (-30-40%) are all expected to produce tonnages some way short of their respective averages this year. South Africa’s crop, too, is projected to be on the lighter side, while Cyclone...
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