Good signs for wine industry

Good signs for wine industry

Key markets are strong for the New Zealand wine industry, especially in the affluent United States and Canada region. A smaller grape harvest this season meant world demand for kiwi wines was likely to exceed supply, New Zealand Winegrowers chief executive Philip Gregan said. That was positive for pricing and the sharp fall in the kiwi dollar, notable against the US dollar, sterling, and Aussie dollar, would boost returns.

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