And for anyone who thought the turnaround in vineyard valuations might be just around the corner...
Malborough Vineyard in Receivership
Sure, this isn't CWT's land, but the contract grape prices are a shocking indication of what has probably also occurred to vineyard valuations. Wine-makers, on the other hand, might at least be seeing some benefit from the reduced cost.
(The prices make Oyster Bays use of $1469/tonne for grapes look pretty good!)
possibly last to enter sub 35 cents, page-23
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