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2026-07-15 10:44:11
[Australia's wine grape harvest hits 25-year low, with annual production value shrinking significantly] (1) Australia's wine grape crush is projected to be only 1.27 million tons in 2026, a 19% decrease year-on-year, about a quarter lower than the 10-year average, marking the smallest harvest in over 25 years. The annual production value of wine fell by 26% year-on-year to AUD 837 million. (2) The global wine industry continues to be under pressure, with the market value of listed wine producers evaporating by approximately USD 800 billion over the past five years. The market insights manager of Wine Australia stated that the harvest has been below the long-term average for four consecutive years, reflecting structural production adjustments made to adapt to changes in global demand. (3) Adverse weather exacerbates the industry's predicament. Respondents in several wine regions reported that extreme weather such as late frosts, heat waves, and floods led to a decline in grape production, further dragging down the overall harvest.
