AUSSIE WINE INDUSTRY WARNS AGAINST OVER-INVESTMENT

Reportedly, a number of investors are getting overly excited about profit opportunities in Australia on the heels of a recent drought. Figures show that MIS investment in the wine grape sector has grown 24% in the past year, but the industry down under is warning investors not to get too carried away. While figures are showing a drop in grape supply, many in the industry believe the glut could return to an all time high as soon as 2010. The Australian Wine Grape Growers president Mark Mackenzie says, “It is certainly not a time to be looking at additional plantings.”