While Australia’s woes have attracted most media attention, all the wine-producing countries of the Southern Hemisphere face challenges in the year ahead. According to a recent report, wine production in Australia, New Zealand, South Africa, Argentina and Chile in a marked state of flux.

Epitomising the “feast or famine” nature which sometimes besets agricultural commodities, 2008 sees Australia move from its much-publicised grape glut to a state of balance. However, that balance will not last long, the report warns. Having seen the last harvest hit by the country’s severe drought, further small harvests in 2008, 2009 and possibly beyond will leave the industry facing a serious shortage of grapes and struggling to meet global demand for its wines.

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