Home Industry News Releases Perfect Time for Renewed Investment in the Australian Grape and Wine Industry

Perfect Time for Renewed Investment in the Australian Grape and Wine Industry

28
0
Advertisement

Strong international demand for Australian wine and a significant increase in the value of the national wine grape crush have created ideal conditions for renewed investment in infrastructure and technology in the industry.

Wine Industry Suppliers Australia (WISA), the peak body for the grape and wine supply sector, said by embracing new technologies and advanced production concepts, growers and wineries could enhance quality and global sales of the premium product.

WISA Executive Officer, Matthew Moate, said the positive outlook for the industry provided a perfect springboard to build capability and competitiveness.

“Our wine industry is continuing to benefit from a stable Australian dollar and strong international demand, largely driven by China,” Mr Moate said.

“The 2017 National Vintage Report showed a five per cent increase of the national wine grape crush to 1.93 million tonnes, and a 13 per cent surge in value to A$1.22 billion. “There was also a seven per cent increase in the average price per tonne across all varieties, the best outcome since 2008.

“This continued positive trajectory is further enhanced by a A$50 million export and regional wine support package from the Australian Government with a focus on growing exports and wine related tourism opportunities in the sector.

“Taking aboard all of these factors, it is a perfect time for growers and winemakers to increase engagement with the supply sector to identify emerging and proven solutions to reduce the cost of production and to drive demand.

“WISA is leading the way by participating in the Unified Wine and Grape Symposium in Sacramento, California from 23 to 25 January 2018.”

Presented by growers, vintners and allied industry members, the symposium is a hotbed of vital information for wine and grape industry professionals supported by a trade show featuring more than 650 suppliers displaying products and services.

“The aim of WISA’s participation in the Unified Wine and Grape Symposium is to connect with overseas market leaders to expose latest developments and high tech solutions to Australian grape and wine producers,” Mr Moate said.

“By facilitating further engagement with successful overseas suppliers to bring their business to the Australian market, WISA can support investment in innovation that will enhance the quality, competitiveness and sales of our premium wines.”

WISA’s call for new investment in infrastructure and technology is supported by some of Australia’s top wine producers.

Robert Taddeo, Operations Director for Pernod Ricard Winemakers, producer of iconic Australian brand Jacob’s Creek, said: “Wine undergoes a range of value adding processes encouraging producers to take advantage of new technologies and services along the supply chain.

“We will continue to seek and evaluate such opportunities to improve our business and acknowledge WISA as a vital organisation to build collaboration between grape and wine producers and the supply sector.”

Australian Vintage Limited, producing premium wine brands that are enjoyed globally, also recognises a unique opportunity to increase investment in world’s best practice in winemaking.

John Kontrec, Site Manager for Australian Vintage Ltd, said: “Through our engagement with WISA, we continue to identify new technologies and services that will improve our own capability and that of the broader wine industry.

“The pace of innovation globally offers significant opportunities to improve manufacturing environments.

“WISA’s participation in the Unified Wine and Grape Symposium in the United States is a demonstration of its professional status as a conduit for innovative overseas suppliers to enter our market and engage with producers.”

Advertisement
Previous articleAlexander Valley Vineyards of Healdsburg, California Wins Top Honors in BRIT’s 2018 International Award of Excellence in Sustainable Winegrowing Competition
Next articleHistoric Sullivan Vineyards Acquisition Completed by VITE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.