Filed in archive
Australian Wines
by tammy on June 21, 2006
The latest from Rock bottom price warning for growers:
PRICES for wine grapes are expected to hit "rock bottom" next year, industry body Wine Grape Growers Australia has warned.
As part of a fresh call for growers to severely cut back their vineyard production, WGGA executive director Mark McKenzie said growers without a viable market for the 2007 vintage should consider whether they should grow a crop at all this year.
"In all likelihood, spot market prices of only $100 to $150 per tonne will be offered - well short of their growing costs," he said.
It typically costs growers between $200 and $800 to produce a tonne of wine grapes, he said.
Mr McKenzie said winemakers at this month's National Wine Grape Summit in Melbourne had stated "very clearly" that they only needed a 1.5 million tonne intake in 2007.
Permalink: Predictions of Dropping Wine Prices
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/25400
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for Predictions of Dropping Wine Prices:
|
Rating: 7.00 out of 2 vote(s) cast.
|
Subscribe
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
