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Gisborne Update May 2011 . Agenda. The World has changed … again Vintage Recent Developments The Year Ahead Member Survey Discussion. Vintage 2011. In many ways a typical NZ (la Nina) vintage; quality overall seems to be fine.
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Agenda • The World has changed … again • Vintage • Recent Developments • The Year Ahead • Member Survey • Discussion
Vintage 2011 • In many ways a typical NZ (la Nina) vintage; quality overall seems to be fine. • We expect volume to be down Auckland, Gisborne and Hawkes Bay • Weather issues were a feature in these regions • Wairarapa & South Island generally favourable weather, but with disease pressure in some regions. • Vintage Survey still underway – we expect vintage to be +/- 310,000 tonnes (wineries please send in your forms)
Recent Developments: Export Wine returns – all wine March 2011 – Highest price since Dec 2009
Recent Developments: Export Wine returns – packaged wine (i.e. excl. Bulk)
Recent Developments: Export Wine returns – packaged wine (i.e. excl. Bulk)
Recent Developments: Lower Bulk Exports - % Share In Mar/Apr we have not seen the big bulk shipments of last year
Recent Developments: Lower Bulk Exports Bulk exports have declined 4m litres from their peak in Jan 11
Recent Developments: More SB Exported – there is less wine available to export
Recent Developments: More SB Exported – there is less wine available to export SB shipments are two months Ahead of 2008 & 2009
The Year Ahead • A lot depends on the vintage size … based on a 310,000 tonne vintage • We expect there to be a surge of SB 2011exports in May/June given shortage of 2010 wines • We expect a rise in bulk exports, at least in the short term • But expect growing shortages later in the year which should provide some upside to wine prices (currency influences aside) • That relief may come too late for some struggling wineries/growers …
Membership Survey • Being distributed today … please take 15 minutes to complete • Why? • Well in 2012 it is10 years since NZ Winegrowers was formed … its time • An important part of a wider Strategic Review • To perform our role well – we must know what our members expect of us…