Business
China boycott to hit Australian wine harder than expected as fruit and vegetable prices rise – The Guardian
Department of Agriculture lists trade tensions and lack of harvest labour as dark spots in an otherwise recovering industry
Australia may be able to divert a limited amount of wine to its allies in the UK and the US, but Chinas tariffs will probably reduce the value of exports.
That is the conclusion of the Department of Agricultures Abares commodities report, released on Monday, which lists trade tensions as a dark spot in an otherwise recovering industry.
The report also warns that fruit and vegetable prices are expected to rise in Australia due to Covid-19 travel restrictions limiting labour available for harvesting.
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