Australia “swimming in wine” as glut continues
The wine industry is staring down at least two more years of oversupply challenges, with more than 2-billion-litres of product in storage.
The latest report from RaboBank indicates it will still take years to get the market back to normal, even if China was to lift tariffs on Australian wine early.
Rural reporter Madelaine McNeill caught up with Australian Grape and Wine chief executive Lee McLean to find out more about the industry’s concerns.
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