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New Zealand Wine Sales to Asia Forecast to Surge
Sep 14, 2010
New Zealand’s annual wine exports to Asia are forecast to surge as the number of consumers across the region increases, the Dominion Post reported today.
Exports could reach NZ$100 million ($73.4 million) by late next year, from around NZ$60 million this year, the Wellington- based newspaper report, citing Philip Gregan, chief executive officer of New Zealand Winegrowers
Asia’s wine market will grow at a rate of 10 percent to 20 percent each year, the newspaper said, citing Benjamin Chau, deputy executive director of the Hong Kong Trade Development Council.
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