Vintage down 12pc as wine industry deals with glut
Vintage down 12pc as wine industry deals with glut
May 17, 2010 6
The Winemakers Federation of Australia says the industry is midway toward correcting a national oversupply of wine grapes.
The latest vintage survey showing the national crop is 12 per cent down on the year before.A 200,000-tonne drop in the latest year follows a 100,000-tonne decline the year before.
Chief executive of the Winemakers Federation Steve Strachan says the downward trend will need to continue for another few years.
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