Australia’s wine industry grapples with oversupply issues amidst Chinese tariffs and pandemic disruptions
The wine sector in Australia is confronting a significant and persistent oversupply issue that experts believe will take years to fix. The challenges are multifaceted, with Chinese tariffs, heightened production, and export hindrances during the COVID-19 pandemic among the contributing factors. Australian wine exports registered a decline of 10% in value, reaching A$1.87 billion, and … Read more