Rabobank says wine sector must speed up
Rabobank says wine sector must speed up
Apr 21, 2010 6
The Australian wine industry must move faster to address an over-supply of grapes to help restore competitiveness with other wine-producing countries, says food and agribusiness bank Rabobank.Rabobank said in its quarterly report on trends and outlook for the international wine market that the Australian wine sector was under severe stress as a result of rapid supply growth, greater competition, drought, global recession and unfavourable exchange rates.
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