Wine Is Cheaper Than Water?!
It is when it’s Australian wine!
To explain, due to of an oversupply of grapes, lower international demand and the struggling worldwide economy, some Australian wine retailers are now selling their products at dirt cheap prices.
Major wine retailer Dan Murphy's is now selling some wines for $1.99 a bottle -- cheaper than some bottled water!
"We've seen growers who didn't bother picking their grapes this year," said wine industry critic Stuart Gregor. "There is a huge oversupply and we have more grapes than we are selling, and prices are being pushed down."
Indeed, Australia's biggest winemaker, Foster's, has been forced to sell 31 vineyards as the industry faces its worst crisis in 100 years.
So when wine is cheaper than water--try not to drink like a fish!
To explain, due to of an oversupply of grapes, lower international demand and the struggling worldwide economy, some Australian wine retailers are now selling their products at dirt cheap prices.
Major wine retailer Dan Murphy's is now selling some wines for $1.99 a bottle -- cheaper than some bottled water!
"We've seen growers who didn't bother picking their grapes this year," said wine industry critic Stuart Gregor. "There is a huge oversupply and we have more grapes than we are selling, and prices are being pushed down."
Indeed, Australia's biggest winemaker, Foster's, has been forced to sell 31 vineyards as the industry faces its worst crisis in 100 years.
So when wine is cheaper than water--try not to drink like a fish!
posted by My Wine News | 7:01 AM
1 Comments:
Glad to know that wine is cheaper than water in Australia. Being a wine lover I would love to move to Australia. BTW nice blog. Keep it up the good work. beth www.colonialgifts.co.uk
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