Australian Wines Face a Tough August

Australian wines continue to lose market share in the U.S. to American wines, Argentina, New Zealand and Chile despite a US8c fall in the value of the currency over the course of the month. Nielsen data shows that Australian wines fell by -3% in August in the U.S., despite an increase of 4% in US wines.Sales of Foster's wine brands fell by -1% in August, following a 1% gain in July and a flat result in June.Beringer was down -3%,