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Wine Network Newsletter 07 Dec 2018 - Dec 7, 2018

Hi

Trading in bulk and clean skin wine has continued throughout the last quarter of this year as companies look to secure stock, however, trading is moving a little slower than the start of 2018 due to the increase in production and a shift in market alignment.  
 
Worldwide production in 2018 was 27.9 billion litres, a 13% increase from 2017 and likely to be the fourth largest production in the past 18 years.  New Zealand's position as a premium producer is always under price pressure as buyers look for the best opportunities in a competitive retail sector.  
 
Our advice is to look at all opportunities that are presented, especially if it is for part of a parcel.
 

Thanks and regards,

Michael Selak
Fern
Wine Network NZ Limited
Office: 09 489 3644 | Mobile: 021 584 486 | Web: www.winenetwork.co.nz

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