|New Zealand Wine Industry Enjoys Bumper Growth|
|by Tom McGregor||Fri, Aug 22, 2014, 01:29 AM|
New Zealand's wine industry has enjoyed remarkable prosperity this year with a bumper harvest of grapes.
Xinihua News reports that, "Exports of New Zealand wines hit a new record in the year to the end of June, as wineries saw a bumper grape harvest, the New Zealand Winegrowers industry group announced Thursday. Both export volumes and values rose by 10 percent, with overseas sales reaping a record 1.33 billion NZ dollars (1.11 billion U.S. dollars), according to the group's annual report."
New Zealand Wine Growers chair Steve Green is quoted as saying that, "The 2014 harvest may seem like a drop in the ocean compared to major producers, but it was a record for New Zealand and signals the drive for export growth in the year ahead."
Acording to Xinhua, "Strong sales and forecast demand had given growers and wineries the confidence to invest in vineyard and infrastructure development, but Green cautioned against any drop in standards to meet demand."
Nevertheless, New Zealand wine sales to China have dropped over 8 percent compared to last year.
To read the entire article from Xinhua News, link here:
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