Australian wines – on the other hand – reaches rock bottom prices

An interesting comparison with Australian wines: Australian Wine Grape Growers’ Association predicts continued falling prices. Spot prices for wine in Australia is expected to fall to $100-$150 per tonne (so you get quite a few Australian bottles for the top Bordeaux price of 300€ per bottle…). This is said to be below the production cost for the grapes, estimated at $200 to $800 per tonne. Read more The Advertiser