AUSTRALIA: Simeon joins warning of grape oversupply
Australia's Simeon Wines has joined those predicting grape supply will outstrip demand and push prices down at the next harvest. Simeon's chairman John Branson told the company's annual meeting in Adelaide he expected the volume of wine produced by the large companies to be only marginally greater than the 2001 vintage, despite the increase in grape yields, as producers sought to soak up their stock surplus and improve quality.
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