Australian Wine Sales down 2% says the Australian Wine and Brandy Corporation
By 2009-5-15 14:28:21
The global economic recession seems to have hit the Australian wine industry also, as reports indicate a fall in exports by 2% in the year ending to March. The most recent data from the Australian Wine and Brandy Corporation gives the current value of Australian wine as $3.37 a liter, a fall by 13% in the past year.
Bottled red wine, totaling 43% of all wine shipped overseas, still forms the major chunk of the export market. However, since March 2008, the overall volume of bottled wine plunged by 12%. All hope need not be lost, as there is some good news too: it is reported that bulk wine shipments increased by over 30% since the same time last year.
The corporation points out that the most promising markets have been the U.S., Japan, Hong Kong, and China.
From foodbizdaily.com