Strong Aussie dollar crippling wine exports

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It’s no secret that the strength of the Australian dollar is crippling our wine exporters.

John Geber, owner of the Barossa’s Chateau Tanunda (tastings), says he lost $1.2 million on currency last year.

“We’re not Forex traders, we’re winemakers,” he says, “and we shouldn’t have to worry about foreign exchange contracts. We have enough trouble with the drought and all: it hasn’t really rained this summer. We’ve had two inches (50 mm) in seven months.”

Brown Brothers (tastings) has scaled back its activities in the UK because the exchange rates have seen its revenue from UK sales cut to 10 per cent of the levels of five years ago. 

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