Sunday, January 13, 2008

Drought, frost hits exports

The problems of drought, frosts and fires have severely impacted on the Australian wine crop over thee past couple of years. Production is down, and exports are falling rapidly. The price per litre received for exported Australian wine is going up. This is despite the continued high value of the Australian dollar. The graph below shows the unit value of wine exports is recovering strongly from the effects of the glut we had just a couple of years ago.

We can all expect domestic prices to go up over the next year or so, especially at the cleanskins end of the scale.

Info from ABS on wine exports


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