Winegrape growers holding their breath
2011 was a difficult season for winegrape growers in the Riverland. Many had hopes that 2011 would mean a financial turnaround. But after about eight of years of drought, compounded by low water allocation and low commodity prices, Riverland winegrape growers were confronted by a rising dollar and a global oversupply of winegrapes. This year there are signs that prices for grapes may be on the up but there are no guarantees that this harvest will deliver what wine grapegrowers need, reports ABC News.