Oyster Bay owner Delegat says NZ harvest up 33% on 2015.

Thursday 12th May 2016

Delegat Group, the winemaker that retails under brands including Oyster Bay, says it has completed the 2016 harvest, with yields in New Zealand up 33 percent on a difficult 2015.

the total harvest was 35,837 tonnes, with New Zealand making up 33,236 tonnes of the total.The group also owns vineyards in the Barossa Valley in South Australia, which yielded 2,601 tonnes, up 56% on a year ago.

Last month Rabobank said it expected wine production volumes in New Zealand to be significantly higher than in 2015 when unseasonably cool weather led to a much lower harvest.

Delegat managing director Graeme Lord said that the 2016 vintage "has delivered excellent quality in all regions with ideal weather conditions prevailing throughout the growing season". It says it will have appropriate inventory to achieve planned future sales growth of 3.17 million cases by 2020. The company is focusing on boosting sales in North America and growing the Barossa Valley Estate brand worldwide to hit those numbers.

Delegat stock rose 0.2 percent in trading at $6. They've risen 1.5% since the start of the year.

BusinessDesk.co.nz

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