Radio New Zealand is reporting on how an accountant has warned that Marlborough’s wine industry faces several “dire” years due to a persistent oversupply of wine and weakening global demand, which are driving down export values and forcing grape growers to cut production, reduce spending, and potentially mothball vines. He predicts many growers will make losses for several years, meaning no tax payments and wider economic impacts across the region, especially if property values fall without corresponding reductions in council rates. While industry representatives agree the sector is under pressure and must rebalance supply and demand, they remain cautiously optimistic about long-term prospects, noting continued international demand for New Zealand wine and a focus on harvesting only the highest-quality grapes to restore profitability over time.