The Australian wine industry today announced new targets after admitting that it has already achieved some of the goals it had set itself in its 30-year plan in just four years. However it remained cautious of competition and a grape glut. After ripping up the Vision 2025, which was set out in 1996 the Aussie industry has laid down plans to sell A$5bn worth of wine a year by 2010. Australia is expected to sell A$2.85 billion worth of wine alone this year.