It’s red for go in the wine industry

It’s red for go in the wine industry

The wine industry boomed on cheap chardonnay exports but the high dollar has forced it to concentrate on premium reds. And it appears to be working, albeit modestly. For the first time in five years Australian winemakers have increased the average price of wine exports, The Australian Financial Review reports. Premium wines, particularly Cabernet Sauvignon and Shiraz, are becoming more popular overseas.

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