[h=1]Wine grape harvest see record crush, prices[/h] July 26, 2016
AAP and Inside FMCG
Australia’s grape harvest has been a good one this year, with higher prices paid for wine grapes and a bigger intake of fruit.
The wine sector’s peak body, Wine Australia, said many in the wine industry are describing the 2016 vintage as “sensational”.
The national crush is up six per cent to about 1.8 million tonnes, and the average price for wine grapes lifted 14 per cent to $526 per tonne – the highest average price since 2009.
The amount of premium fruit selling for more than $1500 per tonne accounted for seven per cent of the total crush.
Wine Australia CEO Andreas Clark said increased international enthusiasm for Australia’s finewines from the US and China was helping to support stronger demand for premium grapes in Australia.
“The positivity for Australian fine wine is resonating within our key export markets, ” Clark said.
Prices for premium shiraz grapes rose by 14 per cent and premium cabernet sauvignon grapes by 17 per cent.
Wine Grape Growers Australia executive director Andrew Weeks said: ‘There is still much work to do, but with recent improvements in key markets and firming in wine grape prices across the nation, there is reason for cautious optimism. It is vital that this positive trend continues and that all in the wine sector are focused on continuing to build demand in key markets.’
The data for the
Vintage Report 2016 was collected by Wine Australia through the Wine Sector Survey 2016 and gathered responses covering an estimated 88 per cent of the crush. The report provides price dispersion read-outs and average purchase prices for varieties in more than 40 Australian wine regions.
What are peoples thoughts about this in relation to where our retail prices are going, is the glut over as such, and will overseas sales really get a kick along?