DGL

[BlackPeter]

Maybe Corona not good for winemaking:

The NZ Winegrowers association anticipates that 60 per cent of wineries in this country will experience a 15 per cent drop in sales due to the outbreak.

If you are a subscriber - here is the source:

https://www.nzherald.co.nz/business/...ectid=12326144

Otherwise - consider to support some local journalism by taking a sub ... we need them now more than ever.

[Flugenbear]

I think the drop in sales will be smaller wineries with a high proportion of sales through bars and restaurants. Large wineries like Delegat with strong global supermarket footprint are in a good position to maintain and grow sales.

I think that depends on how deep and dark this worldwide recession will be. NZ wine is not the cheapest overseas, and many people who will lose their incomes may start to look at the cheaper options from necessity. Either way I doubt there will be any growth for a bit.

[Ricky-bobby]

This is a very well run company, and dominates overseas. Don’t own any but want some!!

[Mr Slothbear]

I think that depends on how deep and dark this worldwide recession will be. NZ wine is not the cheapest overseas, and many people who will lose their incomes may start to look at the cheaper options from necessity. Either way I doubt there will be any growth for a bit.

Invivo which is the only wine company I own has flagged another year of growth.

whether this extends to other NZ wine companies I do not know but some food for thought.

[percy]

Airlines will be buying less than 20% of what they used to buy.
Restaurants,bars,hotels closed.
Can't see at home drinking is going to fill the gaps.
I think we will see a lot of "cancelled export order" signs at Pak 'n Save later this year.
Oyster Bay range has been $13.99 recently at New World.
http://www.youtube-nocookie.com/embed/44UC6muN8KY?rel=0
Not much wine being brought here.!..lol

[traineeinvestor]

Can't see at home drinking is going to fill the gaps.

We're doing our best!

[percy]

We're doing our best!

Classic...............lol.

[blackie]

after heavy chinese tariffs placed on aussie wines, this could be a corker on monday

[Zaphod]

after heavy chinese tariffs placed on aussie wines, this could be a corker on monday

NZ is already annoying the CCP on various matters, it's only time until they impose tariffs on us, especially since our products are apparently very unsafe e.g. covid infected beef.

[blackie]

one would expect our new minister of foreign affairs to display the appropriate levels of diplomacy to calm the waters...........??? or would one......