Helicopter flying over Sauvignon Blanc vines, Marlborough, New Zealand
I imagine that many Touraine producers are enjoying a few days well deserved holiday before returning at the beginning of September to get ready for the 2010 vintage.
While relaxing they might be well advised to consider the current difficult state of the New Zealand wine industry, particularly in respect to the glut of Sauvignon Blanc.
Vineyards in Marlborough, New Zealand
Links to recent NZ stories:
Marlborough wineries in receivership
July 13, 2010
by James Lawrence
Several wineries based in New Zealand's Marlborough have gone into receivership, with indications that more may follow.
Earlier this month, Cape Campbell Wines and its affiliate companies, Brown Sorensen Vineyards and the Brown Family Trust, went into voluntary receivership, owing creditors millions of dollars.
Cape Campbell Wines was owned by the Brown family, part of the Marlborough wine industry for 30 years.
John Fisk of PricewaterhouseCoopers, which has been appointed to manage Cape Campbell's assets, said the three entities had liabilities totaling between $10m and $12m. He said he was unsure whether the company would continue to trade or be liquidated.
Last month, Awatere Vineyard Estates, a large contract grower owned by Auckland-based Barry Sutton, was put into receivership in addition to the Marlborough wine company Gravitas.
More Marlborough vineyards
NZ hit hard as sav blanc party peters out
July 19, 2010
SOME wineries based in New Zealand's celebrated Marlborough region have gone into receivership, with more expected to follow, as the area's popular sauvignon blanc has been hit by a high New Zealand dollar, oversupply and early signs of a resurgence by Australian chardonnay.
Winemakers and retailers have started to detect a rebound by chardonnay after years of massive decline in consumption of the once-champion white wine style, potentially helping to resuscitate struggling wine businesses owned by Foster's, Constellation Brands and a host of other local wineries.
5:30 AM Sunday Aug 22, 2010
The perfect storm is rattling New Zealand's wine industry, once regarded as an agricultural cash cow.
Latest figures from Realestate.co.nz reveal 96 vineyards are currently for sale, with the average selling time being nine months.
But real estate agents estimate the figure could be closer to 150.
Consecutive years of frosts in early 2000 led to lower harvests but with higher demand and top prices for sauvignon blanc grapes.
But the bubble burst in 2008 when the huge proliferation of vineyards and great weather meant a huge glut of wine, and prices tumbled.
Read the rest here:
Awatere: the latest valley to be developed
In the light of New Zealand’s difficulties is it really a smart move to opt to make AC Touraine Blanc 100% Sauvignon?
PS. Petit résumé en français, pour les réfractaires à la langue de Shakespeare: les faillites se multiplient dans la viticulture néozélandaise, frappée par la baisse de la demande de sauvignon dans le monde, alors que cette même viticulture, malgré sa belle organisation, a trop misé sur ce cépage. Voila de quoi faire réfléchir nos amis tourangeaux qui, pour l'AOC Touraine, veulent se concentrer, en blanc, sur ce même sauvignon...
On n'est pas obligé de reproduire les erreurs des autres.