Philip Gregan: NZ Winegrowers CEO on the decrease in global wine production but the increase in domestic production

Despite a decrease in global wine production New Zealand winemakers feel optimistic.   The International Organisation of Vine and Wine says international wine production's expected to be about 7% lower this year than last.   Statistics from New Zealand Winegrowers show the total production in 2023 is about 360-million litres, down from 383-million last year, but higher than the eight years prior.   CEO Philip Gregan says that over time, wine production in Europe has declined, while in New Zealand, it's grown.   He says our markets are now global rather than just supplying wine domestically, and those markets continue to be strong.  LISTEN ABOVE See omnystudio.com/listener for privacy information.