Wine exports to jump 4 per cent in 2013-14
It's set to be a bumper year for our country's wine sector, according to the latest report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).
In 2013-14, farm exports from every state and territory are projected to reach $38 billion.
ABARES Executive Director, Ms Karen Schneider, revealed this would be a record high for the agricultural industry, and around 8 per cent above the average earnings recorded over the past five years.
While livestock and dairy products are expected to be the main drivers of the increase in earnings, our country's wine sector could be looking at jump in earnings of 4 per cent.
However, Andreas Clark – chief executive officer of Wine Australia – told ABC News the operating environment for wine exports is still "challenging" for many.
"There is some cause of optimism going forward, but I think the key message is that there's still a lot of work to be done," she said in an article published January 23.
Western Australia's wine sector is being particularly ambitious, looking to double its exports over the next few years and focus on strengthening its ties with established and emerging markets, ABC News reported.