Australian winery owners smiling as export markets strengthen, prices rise
Optimism in the Australian wine industry is booming with prices up and vineyards sitting stale on the market being snatched up.
According to figures from Wine Australia, China remains our biggest export market and recorded the largest growth in the last year.
But there were also lifts in exports to the US, including a 10 per cent increase in the average value of white wine and volumes being sent into the country.
Wines of WA chief executive Larry Jorgensen said that went against the status quo of the last five to 10 years.
"I guess people are finding we are back on the agenda in some of the countries where we traditionally had strong markets," he said.