Interview: The billion-bottle glut weighing down the Aussie wine sector
FEAR & GREED | Business News
<p>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.</p>
<p>Marc Allgrove advises wine businesses across the country through <a href="https://www.google.com/url?q=https://evansayers.com.au/marc-allgrove&sa=D&source=calendar&usd=2&usg=AOvVaw2afCgkKB_xbne6i2Fs_8aj" rel="nofollow">Evans+Ayers</a>. He talks to Sean Aylmer about the predicament the industry finds itself in.</p>
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