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Wine industry facing ‘significant oversupply’ after ‘extreme’ impact of China’s tariffs

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 78%

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Taylor’s Wines Managing Director Mitchell Taylor says Australia’s wine industry has gone through a “significant oversupply” since China imposed tariffs on the nation’s goods.

5 minutes ago

“Overnight we were building up … and all of a sudden that market just got chopped off,” Mr Taylor told Sky News Australia.“On the positive side, Australia has really supported us, we’re really appreciative of our largest market – the domestic market.”

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Then why don't they drop their prices? I'd rather pay $6 for a decent glass of wine at the local pub than $6 for a pot of beer.

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