Monday, July 10, 2006

Australian Wine Prices Down, Exports Up

Australian wine: The New Low Buck Chuck?

Australian wine exports rose 12% during the 2006 financial year but the average price per litre slipped by 9%, according to local reports.

Reports in Australia today (7 July) said that export volumes reached 738m litres for the year ended 30 June. Exports revenues rose 2% to A$2.8bn (US$2.1bn) but the average price per litre fell for the fifth year in a row, reaching A$$3.80...

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