Financial News
Winemaker Cancels Harvest After Soggy Summer

An English winemaker has said it will not harvest grapes this year as a result of the wettest summer in England and Wales for 100 years.
Sparkling wine producer Nyetimber, which grows its grapes in West Sussex and Hampshire, said a combination of wet and cold conditions meant the fruit has not matured properly.
As a result, the quality and volume of this year's grapes did not meet the required standard, winemaker Cherie Spriggs said, adding the decision not to harvest had been a difficult one.
"Maintaining quality is paramount," she said.
"My first obligation as the winemaker is to ensure the quality of Nyetimber's wines, and we have collectively come to the decision that the grapes from 2012 cannot deliver the standards we have achieved in the past and will again in the future."
It comes as the National Farmers' Union (NFU) becomes the latest organisation to warn of rising food prices as a result of poor harvests across the country.
Wheat yields fell over 14% this year to levels last seen in the late 1980s, it said.
Guy Gagen, NFU chief crops adviser, said the UK's harvest compounds a series of challenging weather events for farmers - including the worst drought in 50 years in the US and a heat wave in Russia.
"The resulting tight supplies of many feed grains have driven up the prices of agricultural commodities around the world," he said.
"These UK harvest results will do little to alleviate the global dynamics of commodity prices, with the prospect of relatively high commodity levels through to 2013."
The price of cereals also impacts on other sectors, he added, especially pig and poultry farmers who are already struggling with higher feed costs.
what do you think?

stevie may
Not trying to be funny but as far as the global wine producers are concerned our failed grape harvest wont affect them either way. British wine is hardly the same standard as continental or even new world wines. . .

blue side
Steve have to tell you its not British wine but English wine. British wine comes from grape juice produced mainly in Spain. Not that I drink many glasses - I prefer it by the bottle :-)

Jasmin Louise
Blue side, you a little corker? Lol

blue side
lol Jasmin

Windows Live User
Quick buy last years stock as prices will surely rise

blue side
You ever seen the price of the English wine? you need a bank loan with the sparkling at £20 per bottle and the British wine is rough.
Name witheld
This comment has been removed for violations of our Terms and Conditions.

Mark Wood
Probably better try "thinking" a little more clearly then?? Not entirely sure your comment doesn't count as incitement to religious hatred..








Jasmin Louise
2:49pm on 10/10/2012
I think we should start growing rice :)
Windows Live User
3:49pm on 10/10/2012
rice wine perhaps?
Jasmin Louise
4:36pm on 10/10/2012
Rice wine and rice beer? :)
blue side
4:57pm on 10/10/2012
Rice wine that is rocket fuel
krafty81
6:13pm on 10/10/2012
I can't stand rice! plus side i'd lose Weight! :)
blue side
10:14pm on 10/10/2012
Last home made rice wine I had I did just that for about 24 hours ;-)
EQINOX187 .
10:44pm on 10/10/2012
Nice idea saki is awsome :D