Hunter wine sales in decline
New research shows how much damage the high Australian dollar is doing to the country’s wine exports while rival producers forge ahead. The Newcastle Herald reports Rabobank’s 2011 Wine Quarterly report said global wine exports were growing unless the wine was from Australia or South Africa. Italian exports are up almost 13 per cent in volume and nearly 13.5 per cent in value and the French are enjoying a 3.8 per cent volume growth and by nearly 15 per cent in value.