Sharechat Logo

NZ Winegrowers estimates 20% of wine storage tanks in Marlborough damaged by earthquake

Tuesday 29th November 2016

Text too small?

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake.

New Zealand Winegrowers has just completed a survey of the earthquake impact on its members and chief executive Philip Gregan said the wine loss experienced accounts for only a little over 2 percent of Marlborough’s total annual production.

“While this is frustrating, this is not a major concern as vintage 2016 was a near record one,” he said. “This means there is plenty of wine available to continue our market growth.”

Of more concern is the damage to 20 percent of storage tanks through that number could change as the damage assessment continues.

Wineries are seeing to repair or replace the tanks they need to have in working condition for vintage 2017 and Gregan said the repair process was likely to continue for many months.

“We have been liaising with affected wineries, engineers, tank manufacturers, the government and the Marlborough District Council to ensure that are no unnecessary impediments to that process proceeding as quickly and safely as possible,” he said.

Marlborough produces over 200 million litres of wine a year, of which 80 percent is exported.

Gregan said he wasn’t aware of any issues affecting the transport of wine out of the region.

Earlier today listed winemaker Delegat advised the sharemarket that it had suffered no significant damage to buildings, tank storage facilities or its winemaking and viticulture infrastructure based on visual inspections after the quake. As a precautionary measure though, structural engineers will be engaged to undertake further assessments, it said in a statement.

BusinessDesk.co.nz

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Fully automated milking several decades away - Dairy NZ
NZ consumer confidence still downbeat in June quarter
NZ dollar largely steady; focus on FOMC
18th June 2019 Morning Report
Farm debt mediation will ensure fair process - O'Connor
MARKET CLOSE: NZ shares fall as heavyweights Auckland Airport, Meridian lose steam
NZ dollar edges higher, awaiting further impetus
Productivity Commission appointments bolster labour, health, environment credentials
Keytone Dairy to buy Australian Omniblend processor for A$22.4M
"Very real" chance monetary policy will run out of ammo - ANZ

IRG See IRG research reports