Winemakers at Stella Rose in New York are facing an unexpected increase in their prices.
Winemaker Sarah Stella rose her prices on her wine in April to $7.49 per gallon, according to the Wine Spectator.
It’s the largest increase in her wine price in three years, according.
But prices aren’t just rising in New Zealand.
The Australian market, with wine prices rising at a faster rate than the rest of the world, has been struggling to keep up with global prices.
“Wine prices have been rising rapidly in Australia,” Dr. Andrew Rennie, director of the Wine Institute, told ABC Radio New Zealand on Friday.
“We’re seeing a lot of that in the Australian market and we’re seeing the Australian price pressures driving up prices in Australia.”
There are some other factors at play.
“A lot of this is down to the climate,” Dr Rennies said.
“Australia’s climate has been changing.
That means there are fewer crops available, which has impacted yields.
There are fewer vines, which means they’re less productive.”
But Renni also said Australia is “a good market” for Australian wine.
“There are lots of reasons to be looking at the Australian wine market,” he said.
Stella’s wines have been on a steep price rise in recent months.
They rose from $7 per gallon in April, to $9.95 in May.
The rise has been offset by an increase in domestic production.
According to the latest data from the Australian Bureau of Statistics, domestic production is up 0.3 per cent year-on-year, compared to a decrease of 1.1 per cent in the previous three months.
Stlla Rose is a small winery that is also one of the first Australian wineries to open up in New South Wales.
“The main reason for that is because the climate has changed,” Dr Stella said.
Dr Renny also said that prices in New England were the highest in the world.
The Wine Institute’s Renny said that New England is “much more of a wine producing region” and that it’s not just about wine.
He said that “a lot of wine is being made on the vine, and that has a lot to do with the climate.
“I think New England’s been able, in a lot different ways, to take over the wine industry.””
I think New England’s been able, in a lot different ways, to take over the wine industry.”