“Wine grape growers bracing for ‘lowest prices in years’ after early industry forecast”

Australian wine grape growers are facing more hardship, with the industry’s peak body warning prices for their produce could be the lowest in years…

Published by ABC News on Wednesday 8 January 2014

Read the full story and interview with Lawrie Stanford here …

 

“Growers face price plunge”

Clearly the pre-Christmas indicative prices, issued by many of the wineries intending to purchase Riverland grapes, have given cause for real concern throughout the community.  It seems that after several years of “mild relief” from unsustainable prices the region’s farmgate income for winegrowers is poised for another major setback.  If we assume no increase on 2013 yields, which were well below the region’s capacity, and if indicative prices translate to final offer prices, farmgate income will plunge to an estimated $86M from the 2013 level of $113M.  The long run average farmgate income to Riverland growers over the past 14 years is $155M with the unimaginable high point in 2002 of $255M. This price plunge will have a huge impact at the enterprise level…

Published by Riverland Wine on Monday 6 January 2014

Read the full Media Release online here …