Australian farmers rip out millions of vines amid wine glut

[jswordy]

Millions of vines are being destroyed in Australia and tens of millions more must be pulled up to rein in overproduction that has crushed grape prices and threatens the livelihoods of growers and wine makers.

Falling consumption of wine worldwide has hit Australia particularly hard as demand shrinks fastest for the cheaper reds that are its biggest product, and in China, the market it has relied on for growth until recent years.

https://www.reuters.com/world/asia-...CaliO5eOVCySPtLTY0XpRrKpCBx_JvuUXqF_xBpRFsSa0

 

[Raptor99]

This article shows a small increase in world wine consumption since 2000: https://www.statista.com/statistics/232937/volume-of-global-wine-consumption/
A lot more info on the Australian wine market here: https://www.wineaustralia.com/news/market-bulletin/issue-266

I'm wondering how all this fits together.

 

[jswordy]

This article shows a small increase in world wine consumption since 2000: https://www.statista.com/statistics/232937/volume-of-global-wine-consumption/
A lot more info on the Australian wine market here: https://www.wineaustralia.com/news/market-bulletin/issue-266

I'm wondering how all this fits together.

Well, I'd say if a farmer is ripping out vines his grandfather planted, times are not exactly rosy. Farmers are not quick to change. But at the prices quoted in my post, I can see where they would.

 

[Raptor99]

It might be more about supply and demand rather than decreasing wine consumption. There are too many vineyards, so it is driving the price down. It must be heartbreaking for the third generation farmers.

 

[jswordy]

FWIW...

https://norcalpublicmedia.org/20240...asting room,beer, or even nonalcoholic drinks.