The agreement would have allowed members to sell part of their Accolade Wines contracts for $4,000 per hectare in a bid to combat an oversupply.CCW Co-operative says the relationship with Accolade Wines will need to be rebuilt as the industry fights for financial support.
More than 540 growers are members of the co-operative, which produces about 10 per cent of Australia's wine.It would also reduce the contract, or preferred supply agreement, from 15 years to 10 years, and cut the volume of grapes it accepts by 20 per cent.for grapes from inland wine regions, the company hoped the offer would be taken up by growers wanting to exit the industry.
Earlier this year the wine industry body for the region, Riverland Wine, stated it wanted to remove more than 13 per cent of local vines and pay growers an exit package of about $4,000 per hectare. “The industry’s been unstable and people are insecure, and I think the vote offered a little bit of security back into the region," he said.
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