Wine is New Zealands sixth-largest export

Wine is New Zealand's sixth-largest export

The trade association for New Zealand's wine producers has warned of a shortage from this year's harvest.

New Zealand Winegrowers said earlier today that the grape harvest in 2015 came in down by 27% on last year at a total of 326,000 tonnes. Consequently, the country will suffer a shortage of vintage 2015 wines, particularly Sauvignon Blanc from Marlborough.

Despite the decrease, the association flagged a broad satisfaction with the "quality and flavours" of this year's wines.

"We enjoyed a fabulous summer which provided excellent conditions for ripening grapes across the country, said Philip Gregan, CEO of New Zealand Winegrowers. "As a result we expect vibrant, fruit-driven wines.

"Despite the excellent summer," Gregan added, "the cool spring weather contributed to the marked reduction in the crop. Wineries will manage the market implications of the smaller vintage and the precious supply as best they can."

Wine exports from New Zealand are running at around NZD1.39bn (US$981.4m) per year.

For a forecast of the future trends for the global wine industry, click here.