AUS: Domestic wine sales flat, exports slip - figures
Domestic sales of Australian wine registered a slight slip in April, according to recent figures.
A report from the Australian Bureau of Statistics, released today (6 June), showed that sales of Australian wine in the home market in April were down 1.3% on the month prior. Year-on-year, however, sales were up by 1.2% to a seasonally adjusted 37.3m litres.
Exports, however, reported a marked decrease, down 8.8% for the month in April to an unadjusted 64.6m litres. In the 12-month period to the end of April, exports totalled 793m litres with a value of A$2.8bn, a 12% rise in volume and 3.9% lift in value on the corresponding period a year earlier.
In February, the Australian Wine and Brandy Corporation forecast that this year's Australian wine harvest would be 33% down on 2006, thanks to a severe drought and frost in late 2006.
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The UK has ceded its crown as the most valuable export market for Australian wine to the US. According to the Australian Wine and Brandy Corporation yesterday (10 April), the US market was valued at A...
This year's wine harvest in Australia is set to be a third smaller than 2006, according to the latest assessment from the Australian Wine and Brandy Corporation (AWBC)....
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