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Speaker 1: The world of wine. We're in the next couple of months.

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Speaker 1: Of course, we're going to pull the grapes off the

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Speaker 1: vines for the twenty six harvest troublers. We got around

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Speaker 1: one hundred thousand tons of the stuff left from last year,

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Speaker 1: which was a bumper. Exports are still looking good, but

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Speaker 1: it does seem to be of need of some sort

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Speaker 1: of rebalance. And Philip Grigan's the wine growers boss, and

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Speaker 1: he's well, there's.

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Speaker 2: Philip morning, Good morning mate.

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Speaker 1: You've got any seeds of the year. Being in weird summer,

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Speaker 1: we got any yield information, vibe what's going on in

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Speaker 1: March April when we.

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Speaker 2: Pick Look the data was seeing at the moment the

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Speaker 2: spring was good. It's obviously been some up and down

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Speaker 2: weather in summer, but at this stage I think growers

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Speaker 2: and wineries are feeling pretty good about how the crops

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Speaker 2: looking at the moment. Good good weather of the next

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Speaker 2: four to six weeks would be nice.

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Speaker 1: The one hundred thousand left over from last year, I

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Speaker 1: take most of it serving you on blanc and bladders

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Speaker 1: and containers in Marlborough.

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Speaker 2: No, that that number is not right. That's an estimate

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Speaker 2: of how many great We're not harvested.

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Speaker 1: Oh, well, that's different. It's a completely different story.

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Speaker 2: There isn't it completely Well, who's got that last?

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Speaker 1: Is that me? If I cocked that up?

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Speaker 2: I'm not sure, but that's the number that's been floating around.

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Speaker 2: But the real answer is nobody has any idea how

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Speaker 2: many grapes won't harvest last year?

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Speaker 1: Well, this sort of doesn't matter. I mean, you want

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Speaker 1: to harvest all your grapes and you can sell them.

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Speaker 1: But if you don't pick them, there's not a problem.

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Speaker 1: It's gone, it's done. It's ober, isn't it.

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Speaker 2: Will you focus on what you've got, not what you

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Speaker 2: haven't got. And the reason they weren't harvested was because

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Speaker 2: the cop was absolutely huge last year, was once in

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Speaker 2: a generation, and the industry didn't need them. So why

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Speaker 2: have something you don't need?

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Speaker 1: So do we actually have a rebalance issue here? Are

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Speaker 1: we starting a big picture here and we're not drinking

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Speaker 1: as much and all that sort of thing? Are we have?

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Speaker 1: We got an issue here? Too much planting, too much acreage.

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Speaker 2: Look, there's certainly some challenges at the moment. Three out

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Speaker 2: of our last of our last four vintages, we had

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Speaker 2: our three largest crop Cevera at a time of market uncertainty,

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Speaker 2: what with tariffs in the US post COVID tex increases

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Speaker 2: and places like New Zealand and the UK that there

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Speaker 2: are certainly some issues there, but long term, the industry

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Speaker 2: is very confident. We're producing types of wine the consumers

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Speaker 2: want want to drink.

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Speaker 1: Well, that's my understanding and quality, but it's quantity of course.

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Speaker 1: Teawanga just quickly, is that an individual story or is

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Speaker 1: there something in the wine industry we need to be

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Speaker 1: worried about?

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Speaker 2: Well, look, I don't know the details, but there's always

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Speaker 2: and there's always individual stories involved.

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Speaker 1: Okay, Philip, appreciate your time very much, Philip Gregan. That

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Speaker 1: was a better story than we made it out to be.

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Speaker 1: You could accuse me. They're a bit of clickbait, actually, Teawanga,

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Speaker 1: if you're not up on that story, our liquidators are

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Speaker 1: in the eight million. There's a couple of companies involved.

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Speaker 1: It's very sad because Teawanga made some very good rods,

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Speaker 1: are very good wine making, and they made them very

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Speaker 1: good wine. So anyway, I hopefully we've got that sorted out.

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