NZ wine exports up 8.5% in volume, 13.1% in value on light harvest

Continued strong growth in export demand for New Zealand wine is rapidly depleting inventories after a light 2015 harvest. Rabobank’s latest wine quarterly showed export volumes increased 8.5% in volume and 13.1% in value over the 10 months to October 2015. Average export prices have edged up in all major markets since the harvest, despite growth in bulk wine export volumes (up 13% year on year) outpacing that of bottled wine exports (up 6.6%) over the period.