Ouch....!!

Further to the announcement on 28 February 2024, Harvest 2024 has now been completed and we can advise that the total yield was 4044 tonnes, some 20% below the budgeted tonnage. This reflects the results industry wide, which is reporting drops of 20%-30% in the Marlborough and Hawke’s Bay regions. The drop in yields is a result of the poor weather conditions during flowering, resulting in lighter and lower numbers of bunches.


The lower grape price previously signalled and low yields will have a significant impact on Terra Vitae’s financial result this year.


Alan O'Sullivan
Company Secretary