The Aussie dollar has staved off parity with the Kiwi … for now. A rate cut reprieve from the Reserve Bank of Australia (RBA) on Tuesday saved what the Aussies called an embarrassment: parity with the Kiwi. However, the market still expected the New Zealand dollar to achieve parity sooner than later as the RBA looks for a lower exchange rate to stimulate the economy across the Tasman. If the gold kiwi grows wings and soars above the golden kangaroo, the New Zealand dollar will be worth more than an Australian dollar for the first time since October 1973.

Wine enthusiasts could soon be flying from one grape-growing region to another as Sounds Air plans a direct flight between Blenheim and Napier. Managing director Andrew Crawford said the company was considering introducing the flight to allow people to commute between the wine regions more freely. The new route would likely operate twice a week, Crawford said. “I think there’s a lot of people who travel back and forth,” he said.

The Winemakers’ Federation of Australia (WFA) announced some upcoming changes to Entwine Australia, the industry’s environmental assurance program. Through a series of free workshops across Australia, the program will be assessed with any issues discussed by WFA together with the broader wine community. Damien Griffante, Federation natural resource policy and programs manager, said continuous improvement was a cornerstone of Entwine. “We are excited about Entwine’s uptake and its next steps to make the program even better which we want to explore at the workshops with industry and stakeholders,” he said

It is the highlight of the wine grape harvest in the Hastings Valley in northern New South Wales.
But while the Bago Grape Stomp attracted record entries this year, the record was not broken.
This year marked the 17th event and hundreds of people from across the region and the state turned out for the championships at a winery near Wauchope. “There were over 40 entries, so 80 people have put their names down for the stomp, as well as a full field in the media grape stomp,” organiser Ian Adams said.

“A bottle of wine contains more philosophy than all the books in the world,” is a quote from philosopher Louis Pasteur. For one Canberra winemaker it is the teachings of a philosopher that has shaped his wine. Dr Dave Carpenter has operated Lark Hill winery, north-east of the nation’s capital, for over two decades after previously working in mathematics and physics. His picking of grapes and making of wine is based largely on work originally carried out in 1924 by Dr Rudolf Steiner, who established biodynamic agriculture.

Thornbury’s Cam Nicol and winemaker mates Sam Vogel and Alexander Byrne last month teamed up to launch Noisy Ritual, a crowdfunded winery and pop-up bar on High St, Preston. Noisy Ritual guides members through the winemaking process, from grape to glass, by inviting participants to stomp their own batch of grapes, press them, and then bottle the finished product. Nicol said the decision to launch an urban winery came after moving into his Thornbury home last May, where he discovered a square concrete wine fermenter in the basement.

Treasury Wine Estate’s announcement last week that it had made significant changes to its supply-chain network in the US and Australia and further opportunities had been identified to help in cutting overhead costs has failed to rejuvenate confidence, judging by analyst’s commentary. Both Citi and Deutsche Bank have sell recommendations on the stock with the former setting its 12-month price target at $4.90. Deutsche Bank is particularly bearish on the company with its price target of $4.00, some 25 per cent shy of the company’s current trading range.

SAN FRANCISCO, April 2 (UPI) — The four-year water slump that the Golden State has not yet broken free from continues to have a tremendous impact on the 40 million people who live there. But that impact goes far beyond the precariously lean snowpack and clean water availability. California has officially been in a drought since 2011, but a lack of water for the nation’s third-largest state is anything but rare.

WELLINGTON: New Zealand’s Trade Minister signed the New Zealand-South Korea Free Trade Agreement with his Korean counterpart, Yoon Sang. The agreement will eliminate tariffs on 48.3 percent, or NZD793.7m (USD604m) of New Zealand’s current exports to South Korea. The agreement will progressively remove tariffs on 98 percent of New Zealand’s exports to South Korea. In addition, New Zealand will completely remove its duties on all South Korean products within seven years of the agreement coming into force.

Marlborough’s economy could suffer a huge financial blow if major sporting events in the region are canned as a result of proposed bans on alcohol advertising. Major events, such as the Forrest GrapeRide and Saint Clair Vineyard Half Marathon, attract thousands of visitors each year. They inject thousands of dollars into Marlborough’s economy, but that could all be lost if the Government adopts the 14 recommendations put forward by a ministerial forum in relation to alcohol advertising and sponsorship.