Australian Wine Industry Faces Hangover from China's High Tariffs
KONTAN.CO.ID - SYDNEY, Aug 18 (Reuters) - Australia's wine industry faces severe oversupply problems that will need years to resolve, experts say, pointing to Chinese tariffs, high production, and export bottlenecks during the COVID-19 pandemic.
Vineyards nationwide have enough wine in domestic storage to fill 859 Olympic swimming pools, Rabobank said this week in its third-quarter wine report.
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