Australia is set to record its smallest wine-grape crush in over 25 years as weak demand and extreme weather curb output, the Australian Wine Association said. The association expects the 2026 wine-grape crush at 1.27 mln tonnes, down 19% YoY and roughly 25% below the 10-year average; annual wine value is forecast to fall 26% YoY to A$837 mln. Respondents to a national vintage survey reported late frosts, heatwaves and floods across multiple regions. The group flagged a fourth consecutive season

Australia is set to record its smallest wine-grape crush in over 25 years as weak demand and extreme weather curb output, the Australian Wine Association said. The association expects the 2026 wine-grape crush at 1.27 mln tonnes, down 19% YoY and roughly 25% below the 10-year average; annual wine value is forecast to fall 26% YoY to A$837 mln. Respondents to a national vintage survey reported late frosts, heatwaves and floods across multiple regions. The group flagged a fourth consecutive season below the long-term average, saying grape supply is undergoing a structural adjustment to changing global demand. Global listed beverage producers’ market capitalisation has fallen about $800 bln over the past five years.