The value of New Zealand wine in international markets has reached a record-breaking high, New Zealand Winegrowers (NZW) has revealed, with exports for the past 12 months reaching NZ$2.03 billion.
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New Zealand’s latest harvest will help to re-build stocks following a small and disappointing crop in 2021, which has led to a “significant shortage” of wine, New Zealand Winegrowers has said.
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International demand for New Zealand wine continues to grow as export value reached $599M in the first quarter of the new export year, up 9% on the previous year.
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Leading New Zealand winery Villa Maria has signed a conditional agreement for the sale of its estate, three months after it officially went into receivership when it was revealed that it owed bankers NZD $212 million.
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Cooler spring weather and late frosts have led to a “significantly smaller vintage” for 2021, New Zealand Winegrowers has said, applying pressure at a time when the industry is facing increased production costs.
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Clean and green but far from its markets, New Zealand is pushing for greater understanding around shipping-related emissions, as Andrew Catchpole reports.
Despite the ongoing Covid-19 crisis, New Zealand’s 2020 vintage is “exceptional” in terms of both quality and quantity, according to the 2020 New Zealand Winegrowers Annual Report.
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New Zealand Winegrowers is to run a promotion for the UK and Ireland’s independent retailers offering three winners the chance to win a trip to Pinot Noir 2021.
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Louis Latour Agencies is to list New Zealand’s Pyramid Valley and Smith & Sheth wines from February 2020.
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Not many wine regions can claim to know exactly when the first vine was planted in their country.
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