Wine exports soured by dollar’s strength
The volume of Australian wine exports fell by 7 per cent in the 12 months to March to 705 million litres valued at $1.9 billion, new figures from Wine Australia show. The average value of both bottled and bulk wine exports increased. However, an increase in the share of bulk wine exports in the mix resulted in the overall average value declining by 1 per cent to $2.65 per litre. Wine Australia said the overall slide in export volumes was driven by a decline in bottled wine exports offsetting an increase in bulk wine exports, reports the Sydney Morning Herald.