New Zealand Wine Exports Increased to a Record in 2012-13 Year

The value of New Zealand wine exports rose to a record in the 2012-13 year even as volumes declined, the nation’s growers’ association said.

Export earnings increased 3 percent to NZ$1.2 billion ($1 billion) in the year ended June 30, while export volumes fell 5 percent to 169.6 million liters, New Zealand Winegrowers said in it annual report published today. “The small 2012 grape crop meant wine was in short supply and wineries took the opportunity to improve their positioning in the market,” Chairman Steve Green said in the report.