More
bad news for the Australian wine industries,
they are
experiencing a major grape glut. Grape
growers located in South Australia's Riverland may lose millions of dollars in direct income which could amount in
several hundred million dollars of loss for the local economy. The wine growers are dumping their grapes on the ground
because they cannot sell them for a decent return.The prices offered are below the cost of production. Wine growers are
upset and the
Winegrape Growers Association is staging a rally later this
month. The situation mirrors one that we heard about
occurring in Chile last month.
