Wine is cheaper than water in Australia: An overproduction of grapes along with the fall in international demand forced some wineries to sell at fire-sale prices ¿Australia is a paradise for wine drinkers? For the prices at which sell the production, would feel that is close to being so. Because the economic crisis forced some wineries to sell their wines at prices lower than those for bottled water. The wine retailer Dan Murphy, one of the great wineries of Australia, offered some wine to $ 1.5, due to the overproduction of grapes in the country. "We've seen producers even took the job of harvesting the grapes this year," the wine critic Stuart Gregor, in an interview with news.com.au. And Foster's company, the largest winery in Australia, had to sell 31 vineyards around the country for being unable to cope with the fall in international demand for wine. Meanwhile, the firm Constellation (another of the big stores), has sold 2 in 16 vineyards and wineries.
In what is considered the biggest crisis of the last century, the winemakers Federation of Australia estimates that the acreage must be reduced by 20% over the next 3 years to return to an equilibrium point. "Some are simply abandoned vineyards. People are going, which leads to the conclusion that this will be extended to other crops," said the critic Jeremy Oliver.