Australia: Blueprint to steer Riverland through crippling red wine glut

The blueprint was launched in the Riverland by Primary Industries and Regional Development Minister Clare Scriven, who said it would be backed by $200,000 government funding over two years to support recommendations giving the industry a path forward. “This investment will help support the region’s grape growers and winemakers to get on the road to recovery,” she said. The blueprint comes as the latest Australian Wine: Production, Sales and Inventory report from Wine Australia stated that the recent lowest annual production of wine in 15 years was not enough to reduce pressure on inventory levels. Growers and producers in the state’s wine engine room have faced crippling market conditions that led to a glut in red wine, many told by wineries last harvest season there was so much red wine left in tanks there was no room to buy and store the upcoming vintage. “Growers and producers in the Riverland wine region have been through what can only be described as one of the industry’s ...