New tools to tackle Australia's wine glut
A new initiative has been launched in Australia to help producers evaluate the viability of their vineyards and encourage some of them to grub up vines. Australia is facing its worst ever grape glut with at least 20% of vineyards surplus to requirements.
The tools include a Vinebiz program to determine vineyard profitability and an upgraded Deloitte's Ready Reckoner to access winery profitability by market, channel and price point. They will be available from January 30 via the Grape and Wine Research and Development Corporation.