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Wine Industry Considers Profitable Future Wine Victoria (WV) today met with Winemakers' Federation of Australia (WFA) and industry leaders in Melbourne to consider the future of Victoria's wine industry. According to a report recently released by the WFA, this iconic regional industry is being battered by the perfect storm of a high Australian dollar, falling export demand, oversupply of product and growing retailer power. WV Chair, Stephen Strachan said that these issues were real and hitting the Victorian wine industry hard. In a recent WV survey almost 45 per cent of respondents indicated that they did not make a profit in the 2011-12 financial year.…
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