South Australia Announces A$109m Support Package for Wine Industry
The South Australian government has announced an A$109 million support package to assist the state's wine industry, which is facing global oversupply and declining sales. The funding aims to help transition vineyards into more sustainable land uses, expand market demand, attract regional investment, and ensure long-term growth for the sector. With 80% of Australia’s premium wines produced in South Australia, the government said it was responding to challenges including falling grape prices, shifting consumer preferences, and reduced export volumes. Wine exports from Australia fell by 6% last year to their lowest level since 2004, according to Wine Australia. The package includes a A$100 million loan scheme for vineyard conversion with no repayments required in the first two years, as well as an additional A$5 million extension of an export promotional program launched in 2025.
Topics: export decline funding support market pressures wine industry