Why Australia Wants Less Wine | Vantage with Palki Sharma

Why Australia Wants Less Wine | Vantage with Palki Sharma

Australia’s wine industry is facing a severe crisis. Millions of vines are being uprooted to address rampant overproduction – which has led to a rapid fall in grape prices. The crisis may compound in the coming days – with the global market for wine witnessing a decline in consumption. Palki Sharma tells you how the current situation may impact the livelihoods for Australia’s wine makers.

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Australia | Wine | Industry | Crisis | Vines | Firstpost | World News | Vantage | Palki Sharma

#australia #wine #industry #crisis #vines #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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Now let’s turn our attention to Australia which faces A peculiar problem Australia has too much wine more than what they can export sell or drink so the authorities are taking drastic measures they’re killing the goo which lays the golden egg millions of wine grapes and grape Wines in Australia are being destroyed

Will the decision prove to be counterproductive our next report explores James krasco is a fourth generation grape grower his Vineyard is going through some tough times he’s being forced to destroy his own crop this is a block of 35-year old Chas um they’re destined to be pulled

Out at the moment with an excavate up there is little Kosco can do there are many more like him across Australia who have to watch their Vines be destroyed by the excavator already millions of vines have been destroyed many more will be pulled down in the coming months Australia is

Trying to solve a crisis of overproduction there is just too much wine in the global market and not enough buyers leaving Farmers like krasco with no easy options pulling these Vines out because they’re not viable at the moment with today prices today’s Commodities dollars per hectare just

Aren’t adding up and um there’s no point growing a crop that I can’t survive of it takes years for wine producers to process the grapes into Exquisite wine raising the crop feels cruel it’s wiping out years of hard work instantly but these producers have no other choice Australia is the world’s fifth

Largest exporter of wine in 2023 it had more than 2 billion lers of it that Supply is enough to Lost 2 years which is too much some of the supply is already spoiled so owners are trying to quickly dispose of the stock growing more wine is out of the

Question producers in places like Griffith are struggling they are the hub for Australia’s Wines in the 1950s a group of Italian migrants arrived here and shaped these Landscapes 2/3 of Australia’s wine grapes are grown in Griffith the local producers still follow the same Italian techniques passed down over

Generations now due to over Supply many wine makers are forced to shut shop Bill Calabria is a second generation wine maker he believes the crisis is causing serious damage to the local community yeah it’s one of the worst I’ve seen for a long time uh mainly because it’s Global it’s not just the

River Arena it’s goes right across Australia and across the globe of the world and this makes it a very difficult uh time for the industry the prices are not very good but uh we just got to hang in there and hope we come out the other end the problem is indeed Global

Consumption is falling fast there is less demand for wine around the world and this has majorly affected production in 2023 wine production worldwide hit a 60-year low producers in Australia are also suffering due to China’s trade restrictions in 2020 Beijing slapped a 169% tariff on Australian wines the Tariff was a response to

Canberra’s scho for an investigation into the origins of the Wuhan virus these curbs may be lifted this month but for these wine makers this relief may be too little too late that