Wine producers in the Riverina, in the Australian state of New South Wales, have begun disposing of vineyards, replacing them with more economically profitable crops, amid record high prices, the Australian Broadcasting Corporation (ABC) reported on March 30. .
Riverina Rape Growers chief executive Jeremy Cass said losses on some grape varieties reached 2,000 Australian dollars (120,000 rubles) per hectare.
“This year we are seeing a decrease in prices for some varieties of red grapes to 150 Australian dollars (9.05 thousand rubles) per ton, which is equivalent to the price of bottled grapes by about 15 cents (9.05 rubles) .Cass explained. — This is significantly less than the cost of production.”
Oversupply in the industry has developed against the backdrop of Beijing’s prohibitive import duties, introduced after former Australian Prime Minister Scott Morrison proposed in spring 2020 an international investigation into China’s responsibility. in the coronavirus pandemic. The tariffs were officially lifted on March 28.
Source: Rossa Primavera
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