Grape glut has gone, says Growers Council

april 20,2011

Wineries say this year’s grape harvest is looking bountiful, but there are mixed feelings as to whether the industry will be able to keep within volumes that will help lift the price.
The industry is in survival mode following a glut in 2008 and 2009 which has left many indebted wineries struggling to compete with discounted prices locally and a strong export dollar.
Grape prices more than halved, prompting the industry to call on its members to keep this year’s harvest down to last year’s level of 265,000 tonnes. That target was lifted to 310,000 tonnes last month when export sales came in higher than predicted.
Earlier this week Marlborough winemaker Allan Scott said he thought the harvest could soar as high as 350,000 tonnes. But after visiting Central Otago he said it looked like yields in other regions were more moderate, and that hitting the target was more likely.
“I think the sauvignon blanc harvest is going to be big but certainly everything else is really coming in rather modestly, which is a good sign. I don’t think we’ll hit the big tonnes we earlier thought we would do.”
Quality-wise, he said the vintage was excellent. “It’s super-ripe and really fantastic fruit. It’s amazing. We’ve had a glorious late summer and autumn so the fruit is incredible quality.”
Renwick grower Willie Crosse said “long-term players” were showing a lot of discipline but the current harvest, even though it would be sold, would do little to curb the growing bulk wine trade.
“You have to remember a very significant percentage of [last year’s vintage] was sold as bulk. They weren’t all premium-branded bottle wine sales. That needed to happen to get rid of the surplus but it’s happened with much reduced winery profitability and severe erosion of the value of the Marlborough wine brand.”
About 30 per cent of New Zealand’s wine exports are thought to be sold for low-priced bulk wine.
Blenheim-based Stuart Smith, president of the Grape Growers Council, said prices were low but the glut that had haunted the industry had gone.
“Things are definitely on the up … We’ve gone through what inventory we had hanging over so the cupboard’s bare, essentially.”

Source: http://www.stuff.co.nz/business/farming/4842753/Grape-glut-has-gone-says-Growers-Council

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Favorites of frequent diners, foodies and wine lovers are steaks, Wagyu, Foie Gras, lobsters, venison, kangaroo loin, osso buco, veal chops, Kurabuto pork, escargots and a good selection of cheeses to enjoy with fine Vintage port and Sauternes. Cuban cigars such as Monte Cristo, Cohiba, Upmann, Partagas, Romeo Julieta and Trinidad are also available in the Magnum Room which is a wine bar and lounge for before and after dinner relaxation. A good selection of Armagnac, Cognac, Single Malt, Vodka and other liquor is served in addition to the wine vintage wines some served by the glass.

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Inquiries and reservations

Restaurant@Yats-International.com

(045) 599-5600
0922-870-5178
0917-520-4401

Ask for Pedro and Kiko

Http://www.YatsRestaurant.com

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How to get to this fine-dining restaurant in Clark Philippines? Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the London Pub.

Yats Restaurant & Wine Bar
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Angeles City Clark Freeport Zone, Pampanga, Philippines 2023

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