Behind the rise in Australian wine grape prices

Australia takes the pulse of wine grape markets, while the Northern Hemisphere harvest appears set to fall on the short side, and China headlines developments in global wine trade, according to Rabobank’s Global Wine Quarterly for Q4 2016. The Australian wine grape industry has experienced a ‘red dawn’, with prices rising from their 2011 lows, particularly for red wine grape varieties sourced from more premium growing regions. “Life has returned to Australian wine grape prices, with China driving much of the recovery in market conditions,” said Rabobank senior analyst Marc Soccio.