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A wine industry survey covering Australia is to report that around 40 per cent of wineries are making a loss.
The Advertiser
"While there were some good "niche players" selling ultra-premium wines domestically and internationally, many producers without strong brands competing with 12,000 brands on Australian retail shelves were struggling. Deloitte insolvency partner Gary Doran said wine export prices – down 33 per cent since 2002 – a rising Australian dollar and strong reliance on export sales were hurting our wineries."
The Advertiser
"While there were some good "niche players" selling ultra-premium wines domestically and internationally, many producers without strong brands competing with 12,000 brands on Australian retail shelves were struggling. Deloitte insolvency partner Gary Doran said wine export prices – down 33 per cent since 2002 – a rising Australian dollar and strong reliance on export sales were hurting our wineries."
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