Lower dollar a boon for Canberra’s wine exporting king

It may mean more expensive holidays for some, but one ACT-registered company has enjoyed a profitable time thanks to the sharp fall in the Australian currency against the US dollar. Wamboin wine exporter Greg Corra has seen his revenue grow rapidly without sending a single bottle to the US. “We currently have 40 clients in China, and with some of them we set the price at 93 US cents, and they’re contracts written in US dollars,” he said.