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Nooooooooo! Experts warn that Australia could RUN OUT OF WINE this year

Someone call the PM - it’s a national emergency. - by Amy Sinclair
  • 09 May 2019

A new report has warned that Australia could run out of wine in 2019, news which is sure to spark fear in mums all over the land. 

Experts claim a combination of growing overseas demand for our wines and declining local production rates means demand ‘may outstrip supply’ this year. 

Nooooooooo! Experts warn that Australia could RUN OUT OF WINE this year

The troubling news has been revealed in the Agribusiness 2019 report by global real estate company Colliers International.

Their experts reveal that a huge spike in international demand for our wine from China and the UK has sparked much of the concern for our 2019 wine supplies. 

They say more than $1 billion of wine has been shipped to China alone since June 30, 2018 - with the country’s growing desire for quality red wine driving the huge spend. And it seems the foreign demand for Australian wine doesn’t stop there.

Researchers said: ‘To put this into context over the same period, Spain exported the equivalent of Australia’s total production in bulk wine exports at two thirds of the price.’

wine
Image: Getty

The increased demand comes after a ‘challenging decade’ for the Australian wine industry, with some producers being forced to sell at below cost. 

‘Generally, less favourable growing conditions in South Eastern Australia will lead to a smaller 2019 wine grape crop compared to 2018,’ the researchers said.

‘This will increase demand for wine grapes and place upward pressure on fruit prices and vineyard values.’

Guess we should head to Dan Murphy’s and stock up, right? Just in case ... 

Amy Sinclair
Amy Sinclair
Amy Sinclair is a contibutor for New Idea Food.

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