AFTERNOON REPORT

Australia’s wine industry has had a rough few years. In 2020, China - our biggest trading partner - put crippling tariffs on our wines, which saw the sector scrambling to find new export markets. But a report from Rabobank earlier this year revealed Australian winemakers have an estimated 2 billion litres of wine in storage - equivalent to about 2.8 billion bottles. Analysts warn it will take years to work through the glut.

Marc Allgrove advises wine businesses across the country through Evans+Ayers. He talks to Sean Aylmer about the predicament the industry finds itself in.

Australia’s wine industry has had a rough few years. In 2020, China - our biggest trading partner - put crippling tariffs on our wines, which saw the sector scrambling to find new export markets. But a report from Rabobank earlier this year revealed Australian winemakers have an estimated 2 billion litres of wine in storage - equivalent to about 2.8 billion bottles. Analysts warn it will take years to work through the glut.
Marc Allgrove advises wine businesses across the country through <a href="https://www.google.com/url?q=https://evansayers.com.au/marc-allgrove&amp;sa=D&amp;source=calendar&amp;usd=2&amp;usg=AOvVaw2afCgkKB_xbne6i2Fs_8aj">Evans+Ayers</a>. He talks to Sean Aylmer about the predicament the industry finds itself in.

Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

Fear and Greed is Australia's most popular business podcast.

FEAR & GREED | Business News

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

Advertisement