Vinos de Chile has reportedly revealed that $US250 million worth of wine  was destroyed in the earthquake, raising the prospect for Australian exports to  grab the market share in markets like the fast growing China where Chile's wine  is the top seller or Vietnam where they have done very well during the last  couple of years. 
       The reason is that the  spoilt wine amounts to just 12.5 per cent of last year's production of around 1  billion liters prompting the President of this industry association, Rene  Merino to predict that the deliveries would return to normal soon. On the other  hand The Winemakers Federation of Australia estimates that Australia has a  surplus of about one billion litres of wine, and produces another 200-400  million litres a year that can't be sold. 
      However, the Australian  Bureau of Agricultural & Resource Economics expects this year's vintage to  be down about 20 per cent from average levels to 1.6 million tonnes, helping to  cut the surplus. 
      Great Vintage 2010 
      Meanwhile  the recently formed First Families of Wine with a dozen premium  family producers, claims that 2010 could be the best vintage in recent years. 
              In the Hunter Region there has been the benefit of an early  harvest season avoiding the challenging weather of February, said Scott  McWilliams of McWilliams. “Vintage 2010, with its dry start to the season and  excellent growing conditions, is reminiscent of the 2003 and 2005 vintages in  the Hunter Valley which produced some very exciting and notable wines,”  McWilliams said. 
       In South Australia the Adelaide Hills experience “trying weather  conditions” this vintage but the outlook is still positive. “This was one of  the wettest seasons for many years, said Stephen Henschke from Henschke Wines. 
      Meanwhile in the Barossa and Eden Valley the vintage period has  started off exceptionally well with high quality Riesling, Shiraz and Cabernets  are expected. However, yields of Chardonnay and Grenache are down. “Unique to  this season has been the evenness of ripening on premium reds which is  typically indicative of a high quality year,” said Robert Hill Smith, from  Yalumba. 
      In the Clare Valley a good winter, spring and early summer  rainfall has resulted favourably for the region with great expectations for the  2010 vintage. Winemakers there say buyers should keep an eye out for some great  whites. “A cool vintage is predicted so we are excited that quality should be  in the good to great spectrum for the Clare Valley, “said Mitchell Taylor of  Taylors. 
      In McLaren Vale some outstanding reds are expected. “While most  crops have been looking good so far, unfortunately Grenache is looking well  below average due to a heat wave during the flowering period, said Chester  Osborn at d’Arenberg. 
      In Victoria’s King Valley, the Mediterranean varieties of Pinot  Gris and Sangiovese are looking “outstanding” thanks to good rainfall in the  spring followed warm weather. “2010 vintage in Victoria is promising Goldilocks  crops—not too heavy so that the quality suffers and the tanks overflow, but not  so light that they ripen too quickly and we run short,” said Ross Brown of  Brown Brothers. “ 
      At Nagambie Lakes fruit quality is looking great and harvest is  on track to begin in early March. “After significant fruit losses in 2007 and  2009 we are looking forward to a trouble free 2010 vintage,” said Alister  Purbrick of Tahbilk. 
      In the Yarra Valley 2010 is looking promising with a far better  vintage expected than the horrendous heat and bushfires experienced in 2009.  Some of the Yarra Valley’s best Chardonnay from 2010 is expected. “After two  dry years at last we have had some decent spring rain followed by regular  rainfall during the growing season,” said Leanne De Bortoli of De Bortoli. 
      Australia’s First Families of Wine are twelve of the most  celebrated family names in Australian wine industry with more than 5,500  hectares of Australia’s finest vineyards and over 1,200 years of winemaking  experience under their belts as a collective.  
      The inaugural members of the AFFW are Brown Brothers (Victoria),  Campbells (Victoria), d’Arenberg (South Australia), De Bortoli (NSW), Henschke  (South Australia), Howard Park (Western Australia), Jim Barry (South  Australia), McWilliams (NSW), Tahbilk (Victoria) Taylors (South Australia)  Tyrrell’s (NSW) and Yalumba (South Australia). A majority of these wines are  being imported into India. FineWinesnMore is importing De Bortoli while  d’Arenberg and McWilliams are with Brindco, Yalumba is with Sonarys ad Taylors  is being distributed by Global Tax Free. Ace Beveragez imports Henschke in  India while Sansula is the official importer for Maldives. 
      http://www.hospitalitymagazine.com.au/article/Top-Australian-wine-makers-positive-about-vintage-2010/513430.aspx |