A recent analysis presented in Wine Industry News (McGrath-Kerr Business Consultants Pty Ltd, 02 6964 3504) suggests what OnWine has been arguing for around two years – that the present over-supply situation for red wine grapes in Australia is a short-term blip that should be resolved in two to five years, provided exports maintain their growth by volume of 25%. According to this credible report, the 2003 national crop is likely to be similar in scale to that of 2002, while red grape production should plateau by 2004 and increase in price per tonne by 2003. So what grape continues to be scarce? You guessed it: chardonnay.
