
Australian wine exports hit a record high last financial year - 661 million litres, up 14 per cent.
And in an encouraging sign for Australia's struggling wine companies, the latest Australian Wine and Brandy Corporation figures show that after two years of splurging on cheaper booze, overseas drinkers are taking to higher-priced, and more profitable, Australian wines again.
Australian wine companies shipped $2.75 billion of wine overseas in June, up 8 per cent on the previous year's figure.
AWBC information and analysis manager Lawrie Stanford said: "The really pleasing outcome for 2004-05 was the 18 per cent growth in shipments in the $5 to $7.49 per litre price bracket. That's where the good profits are... and that's where we'd like to see continued growth."
But the big driver of growth in sales remained in the $2.50 to $4.99 per litre price bracket.
Wines in that segment accounted for just over half of all wines shipped in 2004-05.
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