Australian wine exports drop by 10 per cent as inflation bites

Sales to the United States and Britain were particularly affected, according to Wine Australia

Inflationary pressures have hit demand in some of Australian wine’s largest export markets. Picture: Bloomberg

Australian wine exports fell by 10 per cent in the 12 months to the end of June, driven by a fall in shipments to its biggest markets - the US and Britain - as inflationary pressures hit demand.

The total value of wine shipped dropped to A$1.87 billion ($1.26 billion), while export volumes fell 1 per cent to 621 million litres, according to data from Wine Australia, a government export and marketing group.

The results ...