Business News

Wine is still Australia’s most popular alcoholic drink – but many producers face an uncertain future

Written by Paul Chad, Honorary Fellow, Faculty of Business and Law, School of Business, University of Wollongong

Australia has become world-famous for its wine, but the industry faces an uncertain future. Too many grapes grown amid falling consumer demand, an oversupply of budget wine, and an undersupply of premium wine are just some of the problems besetting the industry.

There are still many small and medium-sized wineries across...

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