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High stock levels, weak demand put SA wine industry under pressure
Summary by Farmer's Weekly
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High stock levels, weak demand put SA wine industry under pressure
According to Yvette van der Merwe, CEO of SA Wine Industry Information and Systems and president of the International Organisation of Vine and Wine (OIV), South African wine stock levels are estimated to have increased from 470 million litres last year to 598 million litres this year, leaving the industry at levels similar to those last seen during the COVID-19 pandemic. In 2020 and 2021, producers struggled to work through 621 million litres an…
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