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| New Zealand Winegrowers picks positives out of tough year |
New Zealand’s wine surplus oveshadowed a 5% rise in exports by value for the year to the end of June, official figures show. Exports increased by 5% on the previous year to reach NZD1.04bn (US$736m), trade body New Zealand Winegrowers said today (23 August). However, the average value of bottled wine exports fell by 11% as a wine surplus in the country continued to put pressure on pricing.
New Zealand Winegrowers said the sector made a “critically important step” in rebalancing supply and demand by reducing the 2010 grape harvest haul by 7% on 2009.








