First the good news: Australia's wine grape growers are looking at another big vintage, probably close to last year's 1.837 million tonnes, meaning consumers will continue to enjoy plentiful cheap wine - the glut continues.
And now the bad news: Australia's wine grape growers are looking at another big vintage, probably close to last year's 1.837 million tonnes, meaning our wine industry remains under stress, with vineyard values falling, plenty of smaller wineries going under and our biggest wine makers being steadily reduced to slave-status by the supermarket giants.
But wait, there's more: We're exporting less wine and doing it at lower prices. The mainstay UK market has turned particularly sour - supermarket gorilla Tesco almost makes Woolworths and Coles appear supplier-friendly.
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