According to the wine industry, this year the vintage is of an exceptional quality. The wine industry had witnessed tough times, earlier.

Philip Gregan, CEO of New Zealand Winegrowers, declared the results of 2010 vintage at the Villa Maria vineyard in Auckland. He said that this year's vintage will give the farmers an opportunity to recover from the slump that the industry was facing in the past two years. However, he said that the industry will take time to come out of its problems.

Mr. Gregan revealed that the vintages are finding it difficult to make profits. He further added that if the profits are not made, then there will be a compromise on the quality.

The excise tax and the effect of GST will add to the farmer's woes. The total tonnage of the vintages has plummeted by 7%.

In the previous two years, the producers witnessed a reduction in the harvest and also the worldwide recession took a toll on the profits, as the industry struggled to meet both ends.

Mr. Gregan is of the view that the smaller vintage will be instrumental in reviving the sector. He disclosed that the smaller vintages will be received well by the producers and wineries as this year the quality of the vintages is very good.

He further added that the superb weather and lesser production were beneficial in getting good harvests.