The current outlook for 2009 is for another reasonably significant crop, at least similar in size to 2008. There is currently little evidence that might suggest otherwise. If anywhere near the entire crop is harvested, this will be in excess of the Australian wine industry’s current annual sales, so it is less likely that the general market for Australian bulk wine will rise. Indeed, it is likely that we may see further falls in the bulk wine prices over the next 12 months.
Click on the following link to read more: 2009 Pre-Vintage Bulk Wine Review – January 2009