AUSTRALIAN GRAPE GLUT CAUSING CRISIS

Despite Australia’s enormous wine success, vintners claim that supply is much higher than demand and more than one billion liters of wine are sitting untouched in storage. Consequently, prices are shifting downwards, and wine-makers demand that the government hold an urgent meeting to help solve the problem. As reported by ABC News Online, the growers’ representative Chris Byrne says, “Unquestionably the industry is in crisis at the moment.”