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The Australian Wine and Brandy Corporation

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The best laid plans, as they say, can go awry. However, for Chris Losh, the Australian wine industry’s Direction to 2025 plan has not only been overtaken by events in the country’s main markets but was overly optimistic and ill-conceived to begin with.

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Given that drought and frost have all but eliminated Australia’s wine glut, it is tempting to regard this natural intervention as good news for the wine industry but, writes Chris Losh, in reality the adverse weather conditions have created greater problems at both ends of the price spectrum.

Here's a look at what was happening on this day in...

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Here's a look at what was happening on this day in...

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Here's a look at what was happening on this day in...

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Exports of Australian wine continued to lose value in 2010, but the stricken industry regained some momentum in the second half of the year, official figures show.

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The Australian Wine & Brandy Corporation (AWBC) has officially handed Mt Gambier geographic indication status.

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The Australian Wine & Brandy Corp has announced the resignation of its long-serving general manager for market development, Paul Henry.

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Lisa McGovern, the UK, Ireland and European Union director for Australia's wine trade body, has resigned.

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Australian winemakers can no longer use well-known names like Champagne, Prosecco, Port or Sherry on wines to be sold either at home or in the European Union, under a new deal that comes into force this week.

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Australia has failed to overturn a ban on its wineries using the term 'Prosecco' for wines on sale in the EU.

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Surplus Australian wine sold off for less than AUD1 (US$0.88) per litre has damaged the value of Australian wine exports over the past year.

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Australia has a wine surplus of 100m cases and the country's wine industry is facing its toughest period for two decades, according to a stark new report by leading industry bodies.

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Poor results for Australia's two biggest domestic wine firms have this week brought fresh calls for a cull of Australian vineyards.

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Australia's Government has its sights fixed on growing wine markets in Asia with the appointment of James Dominguez as the new chairman of the Australian Wine & Brandy Corporation (AWBC).

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Asia-based investors have dominated international interest in the sale of Foster's Australian wine assets, but prices are under pressure.

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Asia-based investors have dominated international interest in the sale of Foster's Australian wine assets, but prices are under pressure.

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The 2009 Australian vintage is estimated to fall 11% on last year to 1.63 million tonnes. The harvest is just under half way through.

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The 2009 Australian vintage is estimated to fall 11% on last year to 1.63 million tonnes. The harvest is just under half way through.

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Australian winemakers will be flying to the UK next week to boost the industry's image in specialy ‘Australia Day 2009’ events.

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Australian wine exports fell in value for the first time in 15 years in 2008, official figures show, underlining the challenge facing the industry.

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Australian wine exports fell in value for the first time in 15 years in 2008, official figures show, underlining the challenge facing the industry.

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Calls to slim down Australia's wine industry are growing louder as the country again faces a glut on the market.

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Calls to slim down Australia's wine industry are growing louder as the country again faces a glut on the market.

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The Australian Wine and Brandy Corporation (AWBC) is looking to make two new appointments to help boost the profile of Australia's wines abroad.

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The Australian Wine and Brandy Corporation (AWBC) is looking to make two new appointments to help boost the profile of Australia's wines abroad.

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Australia's wineries should secure their long-term future by targeting a gap in the US market for higher priced wines, a report has suggested.

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Australia's wineries should secure their long-term future by targeting a gap in the US market for higher priced wines, a report has suggested.