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The Battle Over the ‘Purest’ Form of Wine // ‘Colossal’ North American wine collection breaks three records at Sotheby’s NY sale

December 16, 2024 - Wine Industry Insight Daily News Feed

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“In 2023-24, wine production [in Australia] reached just over one billion litres (equivalent to 116 million 9-litre cases)—an 8% increase compared with 2022–23, making it the second-smallest production reported in 17 years, and 16% below the 10-year average of 1.24 billion litres. Peter Bailey, manager of market insights at Wine Australia, said that the below-average production from the 2024 vintage was due to a combination of seasonal factors and economic and market conditions.”

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