AUS: Wine grape prices increase, according to industry report

Jul 25, 2016

(WTN) - AUSTRALIA’S wine sector has recorded increases in the average purchase price of wine grapes and its overall crush this year, according to a report released today. 

The report, released by Wine Australia, the Winemakers’ Federation of Australia and Wine Grape Growers Australia, found there was an increase of 6 per cent in the national crush to an estimated 1.81 million tonnes.

The report also shows the average price paid for wine grapes grew by 14 per cent to $526 per tonne across Australia, the highest average price since 2009.

The increase in the weighted average purchase price was supported by an increase in the amount of fruit sold in the top graded categories of above $1500 per tonne.

Wine Australia Chief Andreas Clark said it was encouraging to hear reports of outstanding quality translated into an increase in the average purchase price.

“In the last 12 months, we’ve seen Australian wine exports grow to $2.11 billion and the strongest growth has been in wines of $10 or more per litre FOB. This increased enthusiasm for our fine wines internationally is helping to support a stronger demand for premium fruit in Australia,” Mr Clark said.

The report shows the amount of premium fruit sold for more than $1500 per tonne increased to account for 7 per cent of the total crush this year.


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