Australian wine seeks new markets amid falling sales
Australian wine seeks new markets amid falling sales
Sep 18, 2011 6
(BBCNews) - In the green foothills of the Brokenback mountain range in the Hunter Valley, the first buds of spring have begun to flower, but this is not likely to be a season of great cheer in one of Australia's oldest wine producing regions. New figures show sales of Australian wine have fallen sharply as the industry faces its worst slowdown in a decade and a half. Growers here talk of the "perfect storm" whipped up by a strong currency, oversupply and cautious consumers.
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