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Smaller vintage, falling prices add to wine headache
The value of Australia’s wine crush has fallen by more than $300 million from the record 2021 vintage as a result of a smaller 2022 harvest and lower prices.
The value of Australia’s wine crush has fallen by more than $300 million from the record 2021 vintage as a result of a smaller 2022 harvest and lower prices.
The Malinauskas Labor Government has abandoned a Liberal plan to open a European trade office in Paris.
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More than two billion litres of unsold Australian wine is sitting in storage following a record 2021 vintage and a slump in exports and domestic sales.
In this week’s briefcase, Elders records its biggest profit in more than a decade, a huge outback green hydrogen project is flagged and 10 SA companies vying for national export awards.
More than 40 per cent of South Australian wineries experienced a decrease in sales in the 2020-21 financial year as Chinese tariffs, labour shortages and the coronavirus pandemic generated unprecedented challenges to growth, a local wine industry report has found.
South Australian smartwatch company Spacetalk has signed a deal with its first European retailer as it prepares to launch in North America before the end of this year.