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Speaker 1: More good news from the land though before we get

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Speaker 1: their wine industry. New data shows our export volumes that are

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Speaker 1: expected to grow four percent to two hundred and eighty

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Speaker 1: five million letters. This is for the year to June

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Speaker 1: export revenue. They're our forecasting to lift a two point

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Speaker 1: four billion by twenty twenty nine. Britain is the chief

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Speaker 1: executive of hawks Bay Wine Grows and is with usprint morning.

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Speaker 2: Good morning, Mike, how are you very well?

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Speaker 1: Thank you the mixed messages I'm getting the world's drinking

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Speaker 1: less alcohol in general. Are we pitching to a smaller

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Speaker 1: market but doing better with quality? Or is something changed

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Speaker 1: and we're selling more of it.

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Speaker 2: Our Perhaps if I can just set the sort of

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Speaker 2: parameters might you're talking to hawks Bay Wine here? And

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Speaker 2: hawks Bay is quite a domestically focused market or producer

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Speaker 2: compared to New Zealand Wine and Total as the national organization,

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Speaker 2: So I can only speak as to what is happening

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Speaker 2: here in Hawk's Bay on the ground. But that and

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Speaker 2: that represents about twenty five percent of our production to

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Speaker 2: export with the dance being domestic.

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Speaker 1: So is it quality or volume you dealing with there?

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Speaker 2: It's quality? So hawks Bay's built its pedigree on premium

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Speaker 2: end of the market, and in that premium end of

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Speaker 2: the market, we are noticing some return of purchases to

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Speaker 2: the Hawk's Bay brand.

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Speaker 1: Fantastic. The terriff issues you wouldn't be dealing with those

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Speaker 1: of you domestic in that case, but I mean Craigie

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Speaker 1: Range tomato and stuff there international they be out there.

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Speaker 2: Yeah, so about let's say about twenty five percent of

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Speaker 2: our production is destined for the export market. The character issue,

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Speaker 2: certainly it caused interesting discussions between our producers and their

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Speaker 2: agents and who was going to end up absorbing that

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Speaker 2: terraff structure, and most have come to arrangements which they

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Speaker 2: can live and work with. Not that they really wanted

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Speaker 2: to have to do that, but I've found those arrangements.

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Speaker 2: The bigger issue with the tariff is what it may

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Speaker 2: cause in terms of disruption in the market, where other

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Speaker 2: countries with different tariff structures may start looking at markets

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Speaker 2: that New Zealand and Hawk's Bay are strong and as

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Speaker 2: an alternative to supplying the States under a higher terraff structure.

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Speaker 1: Exactly, And that's why we like free trade down we

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Speaker 1: Brent appreciate the insight. So two point four billion I

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Speaker 1: remember when it cracked two billion, so that's good growth

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Speaker 1: that they can get there in twenty twenty nine. For

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