Australian wine industry battling oversupply of grapes (TODAYonline) A vineyard
Australian wine industry battling oversupply of grapes (TODAYonline)
A vineyard is shown in the south-west wine growing region of Western Australia. Record vintages in 2004 and 2005 and a near-record crush this year have led to a massive oversupply of wine that is forcing down prices and pushing producers and growers into the red.