Wine de­mand to China triples

Warwick Daily News - South West Queensland Rural Weekly - - Rural Weekly -

THE Chi­nese can’t get enough of Aussie wine.

That’s the find­ing from a Col­liers In­ter­na­tional re­port that in­di­cated Chi­nese thirst for Aus­tralian wine has tripled since 2013/14, with the to­tal value of wine ex­ports ex­pected to reach

$595 mil­lion in 2016/17.

China con­tin­ues to be the key growth mar­ket for wine ex­ports, af­ter the estab­lished mar­kets in the US and UK which are still the largest im­porters of Aus­tralian wine.

Col­liers In­ter­na­tional Ru­ral and Agribusi­ness Re­search and Fore­cast Re­port (March 2018) shows wine is Aus­tralia’s fourth-largest agri­cul­tural com­mod­ity with a to­tal ex­port value of $2.64 bil­lion, and a sig­nif­i­cant 12 per cent in­crease on last year.

The in­creased prof­itabil­ity of cit­rus en­ter­prises, cou­pled with the lack of buy­ing op­por­tu­ni­ties for pur­chasers has spiked de­mand for ma­ture cit­rus or­chards, with some no­table trans­ac­tions show­ing nearly 100 per cent in­crease in val­ues in less than three years.

PHOTO: CON­TRIB­UTED

EX­PORTS: De­mand for Aus­tralian wine in China is on the rise.

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