It is no secret that there has been an over-supply of wine throughout the world for several years now.Â On an almost daily basis we read or hear about yet another wineryÂ closing doors or goingÂ into receivership.Â Irrespective of your nationality, it hurts.Â Â
The latest casualty from Australia is Coonawarra’s largest privately owned winery, The Poplars Winery.Â Sadly the owners, Coonawarra Developments Pty Ltd have been placed in receivership and the winery is up for sale.Â The winery was purchased in September 2006 from Foster’s Wine Estates at a total cost of $10.25 million.Â
Locally there are numerous wine farms andÂ boutique wineries up for saleÂ – this is confirmed by FOR SALE boards whilstÂ driving throughÂ various designated wine routes.Â Â Â Although the current economic climate has exacerbated the situation, one must also take into accountÂ that contracts for the supply of grapes are sometimes not renewed due to the fact that vineyards have reachedÂ required maturity, hence are self-supporting.Â
Consider too, the demand for certain cultivars based on consumer and industry preferences.Â Our apple industry went through a similar process, where the variety of apple planted did not suit the buyers requirements or needs.
If ever there was a time to ensure good practice at the Cellar Door and ensureÂ local and international visitorsÂ are well looked after, it is now.