Monday, Oct 21, 2019
The report shows confidence among local wine businesses has declined as energy costs and water access and security continue to challenge profitability. On a positive note, winemakers are taking advantage of free trade agreements in Asian markets to explore export opportunities, and participants indicated development of an additional 850 hectares of vineyard.
“The snapshot aims to provide South Australian wine businesses with insights to inform decision making,” said Mr Tim Siebert, Partner, Bentleys SA.
“We explore the challenges, risks and opportunities, with the aspiration to contribute to the long-term sustainability of the wine industry in South Australia,” said Mr Brian Smedley, Chief Executive, SAWIA.