|
|
Article: AUSTRALIAN GOV'T DASHES HOPES OF WINE SECTOR RESCUE PACKAGE.
- Article from:
- AsiaPulse News
- Article date:
- June 9, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CANBERRA, June 9 Asia Pulse - The federal government has sunk the wine industry's hopes of a rescue package to ease the crippling grape glut.
Agriculture Minister Peter McGauran is set to leave the fate of the chronic oversupply to market forces, telling an emergency industry summit that "key responsibility for charting the way forward rests with the industry itself".
"There is also a problem taking forward a large government assistance package to cabinet when the industry in question has a strong history of growth and indeed is forecast to grow further," he told the meeting of growers and winemakers in Melbourne today.
Growers facing financial ...