Australian wine exports down for the first time in 15 years

Australian wine exports fell with 0.6% in value for the year to 30 September. The total value reached $2.78 billion. It is the first time in 15 years that exports have shrunk. But if you measure in volume the export still grew by 7% to 738 million litres, so the export decrease is due to declining wine prices, i.e. the weak international wine market. Great Britain is Australia’s largest export market. Read more in The Australian

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