Basic Greg economics points to expected wine price increases this year

Whilst SA wine sales to the UK grew by 20%, overtaking France!; there has been a very good quality harvest in SA this year, despite a significant drop in 2010 wine grape volumes.  All in, prices should start rising.

Read more: http://www.busrep.co.za/index.php?fSectionId=561&fArticleId=5367243

Foster's urges Australia vine clearing to counter wine glut

SYDNEY -- Australian drinks giant Foster's yesterday warned one quarter of the nation's grape vines needed to be pulled up to reverse a damaging wine glut forcing growers to let their fruit wither on the vine.
http://www.chinapost.com.tw/business/asia/australia/2010/02/22/245430/Fosters-urges.htm