1 00:00:00,080 --> 00:00:01,680 Speaker 1: Been a good week for New Zealand Wine with the news. 2 00:00:01,680 --> 00:00:04,040 Speaker 1: When it comes to America, New Zealand's the only country 3 00:00:04,600 --> 00:00:08,360 Speaker 1: to increase imports again Databank stats. This is sixteenth year 4 00:00:08,400 --> 00:00:10,640 Speaker 1: in a row that we've gone growth on growth, on growth, 5 00:00:10,680 --> 00:00:12,800 Speaker 1: on growth on growth. Anyway, and Vivo Wine founded Tim 6 00:00:12,880 --> 00:00:15,400 Speaker 1: Lightbourne's back with us. Tim, very good morning to you. 7 00:00:16,239 --> 00:00:16,680 Speaker 2: Good morning. 8 00:00:16,720 --> 00:00:19,880 Speaker 1: Way are you in America? You sound like you're here in. 9 00:00:19,840 --> 00:00:22,040 Speaker 2: New Zealand this time. Just came back about two weeks ago. 10 00:00:22,160 --> 00:00:25,320 Speaker 1: Good The level of penetration in America, you know, a 11 00:00:25,400 --> 00:00:28,040 Speaker 1: country of three hundred and twenty thirty million people. Are 12 00:00:28,080 --> 00:00:30,200 Speaker 1: you just New York or Los Angeles? Are we sort 13 00:00:30,240 --> 00:00:32,880 Speaker 1: of infiltrating Kansas and Delaware? 14 00:00:33,920 --> 00:00:36,360 Speaker 2: Yeah, we're definitely inftrating a number of states. So if 15 00:00:36,360 --> 00:00:38,880 Speaker 2: we look at Florida, for example, we're pretty huge over there. 16 00:00:39,040 --> 00:00:40,839 Speaker 2: But yeah, right around the country actually, so not just 17 00:00:40,920 --> 00:00:42,159 Speaker 2: New York or California. 18 00:00:42,200 --> 00:00:43,920 Speaker 1: What's the room do you reckon for growth? 19 00:00:45,200 --> 00:00:47,280 Speaker 2: But we are only three point six of the market, 20 00:00:47,360 --> 00:00:49,440 Speaker 2: so you know, if we can double that, it's pretty 21 00:00:49,440 --> 00:00:52,440 Speaker 2: interesting for US. Seven on blo Okay on major export 22 00:00:53,000 --> 00:00:55,200 Speaker 2: is number three vrietals, So we're still only half the 23 00:00:55,240 --> 00:00:58,320 Speaker 2: size of Chardoneay for example, sir, there's big opportunities. 24 00:00:58,360 --> 00:01:01,040 Speaker 1: And so because we don't do much shame in this country, 25 00:01:01,040 --> 00:01:03,400 Speaker 1: does that hold us back if Chardonnau is the number 26 00:01:03,440 --> 00:01:03,880 Speaker 1: one tipple? 27 00:01:05,040 --> 00:01:07,800 Speaker 2: Now, look, we track thirty six different grape for idels 28 00:01:08,160 --> 00:01:10,080 Speaker 2: and seven on blanc is the only one in great 29 00:01:10,319 --> 00:01:12,520 Speaker 2: So you know if you keep pumping seven, it's a 30 00:01:12,520 --> 00:01:13,280 Speaker 2: big opportunity. 31 00:01:13,360 --> 00:01:15,520 Speaker 1: Do you reckon that? Everarens? I've been asking this question 32 00:01:15,560 --> 00:01:17,920 Speaker 1: for twenty five, if not thirty years. At some point 33 00:01:17,959 --> 00:01:20,360 Speaker 1: the serving yon blanc bubble bursts? Do you reckon it? 34 00:01:20,400 --> 00:01:23,760 Speaker 2: Does not as far as I can see it. I 35 00:01:23,840 --> 00:01:25,600 Speaker 2: met a lot of buyers last month, and you know 36 00:01:25,600 --> 00:01:27,400 Speaker 2: when you walk into that room, they're all sort of 37 00:01:28,040 --> 00:01:29,880 Speaker 2: you know, we're like a breath of fresh air, fresh 38 00:01:29,959 --> 00:01:32,080 Speaker 2: air for New Zealand. Well, can you. 39 00:01:32,000 --> 00:01:34,560 Speaker 1: Ask a lot and what about price? How do we 40 00:01:34,600 --> 00:01:36,840 Speaker 1: handle on price? And we we're at the top end, 41 00:01:36,840 --> 00:01:37,720 Speaker 1: don't we ish? 42 00:01:38,120 --> 00:01:40,360 Speaker 2: Well, we're about fifteen to twenty, which is seen as 43 00:01:40,400 --> 00:01:41,360 Speaker 2: premium over there. 44 00:01:41,680 --> 00:01:43,959 Speaker 1: Okay? And is that growing? So do we sell more 45 00:01:44,040 --> 00:01:46,199 Speaker 1: or do we sell the same with more money? 46 00:01:47,880 --> 00:01:49,920 Speaker 2: That category is still growing, which is good for New 47 00:01:50,000 --> 00:01:52,559 Speaker 2: zealant self. We just sort of keep pumping that fifteen 48 00:01:52,640 --> 00:01:54,960 Speaker 2: to twenty and not sort of drop it down to 49 00:01:55,000 --> 00:01:57,000 Speaker 2: that below fifteen, keep going. 50 00:01:56,800 --> 00:01:58,640 Speaker 1: Well, what's your vibe on tariffs? 51 00:02:00,000 --> 00:02:01,760 Speaker 2: I just don't know at the moment, so it's hard 52 00:02:01,800 --> 00:02:04,520 Speaker 2: to plan for. What we do know is in twenty 53 00:02:04,680 --> 00:02:07,560 Speaker 2: nineteen is a twenty five percent tariff from France, Spain 54 00:02:07,600 --> 00:02:10,720 Speaker 2: and Germany, and that didn't destroy the industry. So no, 55 00:02:10,880 --> 00:02:12,440 Speaker 2: you know, we'll we'll see what happens. 56 00:02:12,480 --> 00:02:15,720 Speaker 1: See my theory told me. If I'm naive my argument, 57 00:02:15,760 --> 00:02:17,800 Speaker 1: it's something like wine. At the top end of wine, 58 00:02:17,880 --> 00:02:20,000 Speaker 1: you could put a little bit of something on the 59 00:02:20,040 --> 00:02:22,960 Speaker 1: price a dollar and people would still buy it because 60 00:02:23,000 --> 00:02:25,600 Speaker 1: they seek it out, they like it. Is that fair 61 00:02:25,720 --> 00:02:25,920 Speaker 1: or not? 62 00:02:26,960 --> 00:02:28,840 Speaker 2: Yeah? I think so. And if again, if we look 63 00:02:28,880 --> 00:02:31,120 Speaker 2: back in what happened twenty nineteen, there was a slight 64 00:02:31,200 --> 00:02:34,160 Speaker 2: price increase and it was absorbed. They stop. People still 65 00:02:34,240 --> 00:02:34,600 Speaker 2: kept buying. 66 00:02:35,120 --> 00:02:37,720 Speaker 1: Interesting. Hey, you know Graham Norton's in the country, don't. 67 00:02:37,560 --> 00:02:40,800 Speaker 2: You, Yeah, we did. We actually had him in Marlbury yesterday. 68 00:02:40,960 --> 00:02:43,040 Speaker 2: We were picking grapes with him. He was tasting juice. 69 00:02:43,080 --> 00:02:44,000 Speaker 2: He was having a great time. 70 00:02:44,120 --> 00:02:45,840 Speaker 1: There you go, good stuff, nice to catch up with 71 00:02:45,840 --> 00:02:49,040 Speaker 1: the Tim Tim Lightbourn, who was the Inbibo wine founder 72 00:02:49,120 --> 00:02:51,840 Speaker 1: tie up of course with Graham Norton, who happens to 73 00:02:52,120 --> 00:02:53,919 Speaker 1: be here. But as I mentioned with then, and I'm 74 00:02:53,919 --> 00:02:56,160 Speaker 1: glad to hear that theory of mine could be correct, because, 75 00:02:56,160 --> 00:02:58,600 Speaker 1: as I mentioned earlier on in the program, Ferrari are 76 00:02:58,600 --> 00:03:01,040 Speaker 1: simply increasing the price of the cars by ten percent, 77 00:03:01,680 --> 00:03:03,680 Speaker 1: and so don't worry about the tariffs. The people who 78 00:03:03,720 --> 00:03:06,200 Speaker 1: buy Ferraris have got another ten percent. We'll just whack 79 00:03:06,280 --> 00:03:08,280 Speaker 1: that on the top. And Bob's your uncle, as simple 80 00:03:08,320 --> 00:03:09,400 Speaker 1: as they For 81 00:03:09,520 --> 00:03:12,560 Speaker 2: More from the Mic Asking Breakfast, listen live to news 82 00:03:12,600 --> 00:03:15,520 Speaker 2: talks that'd be from six am weekdays, or follow the 83 00:03:15,560 --> 00:03:16,960 Speaker 2: podcast on iHeartRadio