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Fogarty Wine Group buys iconic Tasmanian walnut business to plant cool climate grapes

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Fogarty Wine Group Notizia

Stahmann Webster,Tasmanian Walnuts,Peter Fogarty

The wine glut in parts of Australia is not deterring developers from forging ahead with planting new vineyards in Tasmania.

major wine player has snapped up Australia's oldest commercial walnut farm in Tasmania.Fogarty Wine Group says there is potential to plant up to 500 hectares of grapes on the site.

"We're going to do it very progressively, making sure we've got the markets before we grow more grapes.Stahmann Webster made the decision to sell its Tasmanian property following a review of its national portfolio. The walnuts are shipped to the New South Wales Riverina, and virtually within 24 hours are cracked at the Leeton processing plant.Tasmania's east coast has become a magnet for interstate winemakers, chasing a cooler climate to grow fruit.

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