VOLUME LOSS INEVITABLE FOR AUSSIE EXPORTS

After attending the 2007 Australian Wine Industry Outlook conference, analyst Andy Kovacs of Macquarie Research said the Australian wine industry is “hazy at best” in a research note. Let’s take a look at the highlights.Andy notes that Lawrie Stanford from the AWBC is predicting a 2008 crush of 1.22mt, which is supported by other industry participants. The 2009 crush is likely to be smaller at 1.16mt, while 2010–2012 is expected to be constrained (just 1.8mt by 2012). Water reserves in