We just have a new delivery of Muddy Water wines in and, for the first time, we have decent stocks of their delicious Sauvignon Blanc. Due to the strength of the euro vis a vis the NZ dollar, we can buy it much cheaper as well, so that we can sell it now at 14.99 instead of 17.50 that it was. The only other New world wine that we import is Felton Road and their prices will be coming down later in the year as well when we get new stock in.
Why are wines from Chile, Argentina, USA etc not coming down? Is the euro not strong versus the dollar as well? If anybody can shed light, let me know...
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Compared to this time last year, the US dollar has strengthened quite a bit against the Euro. In April 08, the €1 rate hit $1.60. Now it's closer to $1.30.
So a $200 ex-cellars price for a case of wine back then would have cost €125, now it costs €153.
Fair enough
Great to see keener pricing on Muddy Water coming through for customers Gabriel - nice to have things working in New Zealand's favour for a change. I'm just back from the vineyard and about to pack the bags for our Tasting with you May 28th.
Joyce Austin
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