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Prices rise on Australian wine?

>> Monday, May 21, 2007

There’s been exceptionally dry weather in Australia, and coupled with spring frosts this has reduced this year’s harvest. Now, trade sources estimate that the reduces volumes will lead to price increases for the consumer of between $2 and $8 per bottle. This might be a relief for the Australian wine industry that has suffered from over-production, sometimes to the extent that grapes have been left hanging on the vine or tanks have been emptied from unsold wine to make room for the new vintage.


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