Australian winegrape purchase price increases third year in a row
The Australian wine sector has recorded its third consecutive increase in crush and average purchase price of winegrapes according to the National Vintage Report 2017.
The national crush for 2017 is estimated to be 1.93 million tonnes, an increase of 5 per cent on 2016 .
The national average purchase price increased by 7 per cent $565 per tonne, the highest since 2008.
Wine Australia Chief Executive Officer, Andreas Clark ,said the increases reflect excellent seasonal conditions in many regions as well as the growing demand for Australian wine.
“Pleasingly, the figures from the National Vintage Report indicate that the supply and demand for Australian wine is in balance,” Clark said.
“An additional 93,000 tonnes were crushed this year, which produces approximately an additional 65 million litres of wine.”
Winemakers’ Federation of Australia Chief Executive Officer, Tony Battaglene, said there is a cautious optimism being echoed across the Australian wine sector.
“Export value overall has been on the rise and it is great to see the consecutive increases in exports matched by the increases in key vintage figures,” he said.