AUSTRALIA: Oz value growth falls behind volumes
By Tony Baker | 14 July 2003
Official figures confirm the first impact of the stronger Australian dollar on the nation's wine industry. For the first time in nine years there has been lower value growth than volume growth in annual figures. Against a backdrop which has seen the Australian dollar has strengthened against the US dollar, pound sterling and euro in the past six months, the Australian Wine and Brandy Corporation reported that for the financial year to June 30 total exports were worth A$2.386 billion (US$1.567 billion).
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Official figures confirm the first impact of the stronger Australian dollar on the nation's wine industry. For the first time in nine years there has been lower value growth than volume growth in annual figures. Against a backdrop which has seen the Australian dollar has strengthened against the US dollar, pound sterling and euro in the past six months, the Australian Wine and Brandy Corporation reported that for the financial year to June 30 total exports were worth A$2.386 billion (US$1.567 billion).
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