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International markets rock Canberra wine growers?

By johnboy - 20 January 2009 2

Reuters is having a look at the travails of the Canberra region wine industry.

    [Bruce] March, chief winemaker at Doonkuna Winery, in prize cool climate vine country north of Canberra, had been looking forward to a bumper 2009 harvest, tripling production capacity last year in anticipation of rocketing China demand for his wine.

    But the global financial crisis has exploded that interest, bringing with it a soul-searching for Australia’s vignerons, ironically when good rains and a late summer are set to bring one of the best harvests for years.

    “We set up to produce all this wine. We spent a lot of money, and then bang, the financial crisis hit us,” March told Reuters, standing near his largely new winemaking plant. “Our Chinese importer is hoping for a better next year. Right now we’re tightening belts and we’re into survival mode”.

Them’s the dangers and rewards of long distance trade.

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2 Responses to
International markets rock Canberra wine growers?
ant 12:25 pm 20 Jan 09

Wine was an “aspirational” item for Chinese getting richer, apparently. So I guess one of the first things dispensed-with when things get tight.

speaking of Doonkuna, their 2008 Sauv Blanc is the best aussie sauv blanc I’ve had. And, if you buy the plonk direct from their place (open 10-4 every day), it’s half the retail price! So by the case, the sauv blanc is $8/bottle, a serious bargain. You can mix cases, too. And you can get that price if you order online.

This mob make excellent wine, and the cellar door price makes it killer bargain priced.

captainwhorebags 11:50 am 20 Jan 09

And I would have thought that the plummeting AUD would be a gift to some exporters…

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