In the November issue of Rabobank’s Agribusiness Monthly it was reported that Australian wine export volumes fell by seven per cent in September compared to the same month last year.
Australia’s major export markets remain mixed, with bulk shipments to Canada experiencing strong gains, shipments to the United States market declined further; now 20 per cent lower than a year ago. Bottled shipments to the US, Canada and China/Hong Kong markets grew during September.
New Zealand wine exports grew by eight per cent in September 2013 compared to September 2012 and annual shipments are now one per cent lower than a year earlier. Amongst the major markets, the UK and Australia have returned to growth as greater supply has come on-stream and the Canadian market continues to grow rapidly.
Globally, wine production in 2013 is forecast to bounce back and reach its highest level since 2006 on higher supply from many major northern and southern hemisphere producer countries.
This is all interesting background information but it does little to help growers in making business decisions at this stage of the current growing season. It’s worth noting, that during a recent round of regional roadshows the WGCSA have committed work with national peak bodies and the ABS to prepare a supply and demand statement for publication in May of each year in the hope that it will provide better information for growers as they plan yields, future expansion or development.