British Columbia’s Grape Crop Cut In Half By Winter Weather - InvestingChannel

British Columbia’s Grape Crop Cut In Half By Winter Weather

Wine growers in British Columbia’s Okanagan Valley say this year’s grape crop has been cut in half due to harsh weather conditions this past winter.

Temperatures in the Okanagan region fell as low as -30 degrees Celsius last winter, which is unusual for Canada’s mildest province.

As a result, the wine industry is now struggling as grape crops are estimated to be 56% less than in 2022, with many vineyards reporting that their growing season has been decimated.

Industry association Wine Growers B.C. is forecasting revenue losses of up to $145 million this year, and says that nearly 400 jobs, about 20% of the industry’s workforce, could be lost.

The industry further estimates that 45% of the Okanagan region’s planted grape crop suffered long-term damage and more than 20% of vines need to be replaced.

British Columbia is known for making wine from several different grape varieties, notably Merlot and Cabernet Sauvignon.

The wine industry in British Columbia contributes $2.8 billion to the province’s economy each year, according to provincial government data.

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