The lengthy freeze on sales at home and ban on exporting during the first phase of lockdown, have left South African wine producers with surplus stock of 280 million to 300 million litres, says Daneel Rossouw, Nedbank’s divisional manager of agriculture in the southern part of SA. This, Business Insider reports, is already putting pressure on prices, quoting Philip Retief, CEO of Van Loveren Vineyards, as saying that this will benefit consumers, who will see wine getting cheaper in the coming year. Retief expects that boxed wine prices will see steep fall, and there should be a shift from other alcohol, particular from beer and spirits, towards wine as it becomes comparatively less expensive.