AU: Wine glut, high dollar squeeze profits
AU: Wine glut, high dollar squeeze profits
Dec 28, 2012 6
(Adelaidenow) - THE seemingly perennial wine glut, poor profitability and the stubbornly high Australian dollar continue to put pressure on the wine industry as it enters 2013.
At this stage of the vintage it is not possible to say how well this year's wine harvest will go.
The 2012 vintage from last summer's growing season was a cracker which, in the Barossa, for example, was described as the best in decades.
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