Export prices set to remain elevated
Horticultural prices are set to remain elevated this year, reflecting the balance between demand in key export markets and an increase in supply.
The $727 million of New Zealand wine in the US is a new record, as is $157m in Canada.
The total value increase is due to a rise in value per litre, with volume for the 12 months to September decreasing 4% from a year ago.
The month of September 2022 has set a new export record of $287 million, which is the first time the export value has exceeded quarter of a billion dollars in any month, says New Zealand Winegrowers Chief Executive Philip Gregan.
"Record export value in September proves that our customers continue to appreciate the exceptional flavours, commitment to quality and sustainability of New Zealand wines, particularly in key international markets such as North America."
