Aussie dollar parity bad news for wine exporters

The New Zealand dollar’s rise to near parity with the Australian dollar may impact wine sales across this ditch, Marlborough wine exporters say. With the Kiwi dollar closing in on A$1, after reaching a record post-float high of A99.78c on Monday, some Marlborough exporters are becoming concerned about their sales in one of New Zealand’s main wine export markets. Saint Clair Family Estate director Neal Ibbotson said if the New Zealand dollar broke even with the Australian dollar it could cause problems.