NZ wine industry in a state of oversupply – Terra Vitae

The USX-listed wine company slipped deeper into the red over the past financial year, and says action is needed on grape supply.

USX-listed wine company Terra Vitae says the country’s wine industry is being impacted by a “state of oversupply”, as it reports a deeper full-year loss.

The company, which released its audited accounts on October 27, reported a $2.2 million loss in the year ended June, compared with a $2

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