Grape glut leaves vineyards facing ruin By Nick Squires in Sydney (Filed: 07/06/2006) Hundreds of Australian vineyards are facing ruin amid a glut of grapes that has left the industry producing far more wine than it can sell at home or overseas. The problem is so severe that the industry said yesterday that it will take a multi-million pound government bail-out to save smaller producers from going out of business. The popularity of Australian wine in Britain and America, coupled with generous government tax breaks, encouraged a craze for establishing vineyards from the late 1990s. The Wine Grape Growers' Council...
