Australia’s wine sector is grappling with a staggering oversupply of two billion litres of unsold wine. In a desperate move, growers are uprooting millions of vines as the market faces historic lows in grape prices. Contributing to this crisis is the lost access to the once-thriving Chinese market, alongside a broader global downturn in consumption.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.