Business
The State Government is offering up to $200,000 in grants to small and medium-sized businesses looking to expand into overseas markets, in a revamp of the SA Export Accelerator Program.
Business
A record grape harvest this year on the back of a vanishing Chinese export market is expected to put a kind of pressure on the state’s wine industry not seen in more than a decade – but experts say it’s too early to predict if Australia is headed for a wine glut.
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Publicly listed wine company Australian Vintage Limited has reported a 15 per cent increase in wine crush this year after a strong 2021 vintage.
Australia’s Trade Minister says it’s “deeply frustrating” that China refuses to discuss its “unacceptable” targeting of Australian exports, with lamb joining wine, beef, coal, barley and timber on the unofficial hit list and wheat and cotton producers bracing as the trade dispute worsens.
South Australian wineries are already looking to cut staff, reduce contracts with grape growers and cancel bottling runs in the wake of harsh tariffs that have halted wine exports to China.
Wine, coal, barley, lobsters and timber have been targeted in recent months, but it’s iron ore exports to China that should be the main concern for Australia’s economy. And that should prompt a focus on alternatives to underpin future prosperity, argue Rod Tyers and Yixiao Zhou.
