Premium drops in short supply

Amid a continuing wine glut, Foster’s wine spinoff, Treasury Wine Estates, has the opposite problem with demand outstripping supply for some of its premium brands, according to chief executive David Dearie. ”We are way short of the global demand today, and what we’ve got to do is to balance the growth of something like Penfolds with some of the other brands we’ve got,” Mr Dearie told BusinessDay.