Australian wine industry outlook highlights challenging season ahead

Local wine industry continues to face oversupply and supply chain issues as global wine industry manages pricing despite challenges

The market for South Eastern commercial bulk red wines is already reflecting an oversupply due to the closure of the Chinese export market and Australian producers being unable to popularise the ‘big’ dry red style in other northern hemisphere markets. Despite the downward pressure on red wine prices (at or below $0.80 per litre), white wine prices hold steady to improving due to market shortages (Sauvignon Blanc now $1.50 per litre, but recently sold out of 2021 vintage). Inventories are f...

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Authors: Tim Mableson, George Choimes

Published Date: 01 November 2021