AUSTRALIA: Wine prices highlight growing competition
The latest official figures from Australia confirm the fierce competitiveness and profit margin squeeze across the domestic wine market. And the figures provide another inducement for those producers who can foster export sales. The Bureau of Statistics figures show that wine prices in the year to March 2002 rose 2.6% which was below the official inflation rate of 2.9%. It was also well below the 5.8% recorded in the year ended March, 2001.
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