Lockdown export ban adds to wine sector’s woes
This year’s big grape crop will be offset by lost contracts and lower wine tourism
11 June 2020 - 16:23
Since 2016, SA’s wine industry has been consolidating and restructuring in a difficult external operating environment, but Covid-19 and lockdown have set back its incipient recovery.
Over the 10 years to 2015, production grew rapidly. Unfortunately, growth in both domestic consumption and exports was limited, resulting in stock accumulation, declining real prices and a general lack of competitiveness against alternative horticultural products. ..
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