South Africa’s wine industry is continuing to go from strength to strength despite ongoing challenges, highlighting the sector’s resilience.
The 2024 grape harvest yielded 1 099 051 tonnes from 87 848 hectares, a 7% decrease from 2023, according to the latest harvest estimate by industry body SA Wine Industry Information and Systems.
This, combined with strong market demand, led to the industry’s wine stock levels reaching equilibrium.
While the lower volumes imply considerable cost pressure for wine producers, they also showcase the sector's commitment to ensuring value growth across markets.
“The 2023/2024 season may have presented its share of obstacles, but it has also showcased the resilience and determination of the South African wine industry,” said South Africa Wine CEO Rico Basson.
- Read the full article in our Freight Features edition of "Agriculture".
