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Australia's grape harvest falls to its lowest level in a decade

Published:  23 July, 2008

But exports continue to grow.

Meanwhile a report by Australian Wine and Brandy Corporation (AWBC) showed new volume and value records for the 12 months to the end of May 2007.

Export volumes rose 10% to 798m litres and value increased by 7% to 1.27bn.

The UK was the most lucrative market in both volume and value (278m litres valued at 415.7), ahead of the USA (227m litres at 413.2m).

Bottled wine is expected to account for 87% of the exports by value.

Overseas demand is the strongest for more expensive wine that is priced above $5 (2.14) per litre.

Cheaper varieties priced under $5 have continued to lose ground in offshore markets.