COOL-CLIMATE GRAPES SUFFER MORE FROM AUSTRALIAN GLUT

Tasmania’s wine industry is feeling the negative effects of the grape glut due to an over-abundance of cool-climate grapes. Although Australian exports continue to rise, 80% are made up of cheaper warm-climate varieties. As quoted in The Mercury, Stuart Tasmanian Vineyards Association president Stuart Bryce said, "Therein lies the reason for the wine grape glut in the cooler growing regions. During the massive increase in exports, domestic market growth has been modest, so a build-up in wine stocks was inevitable."