New Zealand heading for shortage in 2012 (NZ)

New Zealand expects a small 2012 vintage, which is likely to put the brakes on its decade-long growth spurt. The industry is predicting crops could be as much as 30% lower compared to 2011’s 328,000 tonne harvest. A lighter crop could lead to a grape shortage, which marks a massive turnaround for an industry that has been burdened by oversupply since 2008, reports Decanter.