fbpx
17.6 C
Cape Town
Wednesday, November 27, 2024

SA has an excess of 11 months’ worth of wine in its cellars

Published on

The wine industry body, Vinpro says the ban on liquor sales, which has been applied 3 times by the Government in the past few months has contributed to the excess of wine, which will be experienced in South Africa this year.

The body says it expects the country’s 2021 crop to be about 3.6%, or about 33-million liters, more than what was harvested last year.

Manager for wineries at Vinpro, Christo Conradie says estimates show the country has an excess of almost one year’s wine-stock in its cellars, and he says the ban on wine-exports also contributed to this excess.

Conradie says an oversupply in overseas markets also contributed to the wine-excesses.

Latest articles

Western Cape Medium-Term budget: More Money For Teachers

  The Western Cape Finance MEC Deidré Baartman unveiled the province’s 2024/25 Medium-Term Budget Policy Statement (MTBPS) and Adjustment Estimates on November 26.   Themed "A Budget...

Crime Stats: Police Minister Calls for United Effort Against Crime

  The Minister of Police, Senzo Mchunu, released the second-quarter crime statistics on November 25, 2024, emphasizing the urgent need for a "whole-of-society" approach to...

Du Toit Wins Second World Rugby Player of the Year Award

  Springbok star Pieter-Steph du Toit has made history, becoming the first South African to win the prestigious World Rugby Men’s 15s Player of the...