Winegrowers Pulling Out Vineyards Due to Global Oversupply of Wine

Winegrowers pulling out vineyards due to global oversupply of wine

Hundreds of hectares of vineyards are being pulled out across the country as the industry reacts to a global over supply of wine.

Wine oversupply sees 2000ha of NZ vineyards removed

About 2000ha of NZ vineyards have been uprooted amid global wine oversupply and falling demand, with Gisborne losing 46% of its vineyard area.

NZ winegrowers rip out 2000ha of vines as wine glut bites - Dining and Cooking

New Zealand growers have pulled out about 2000 hectares of grapevines, according to New Zealand Winegrowers. That will take total planted area down 3 percent to 42,357 hectares by 2027. This is the bust phase of a classic commodity cycle. The people absorbing it are the contract growers who carry the fixed costs, not the [...]