Yellow Tail Wine Being 'Crushed' By The High Australian Dollar

Australian Dollar Crushing Maker of Yellow Tail Wine -- Wall Street Journal

The maker of Australia's mass-market Yellow Tail wine is in emergency talks with its lender after recording its first loss in more than 20 years, illustrating how the soaring Australian dollar is squeezing local wineries dry.

Yellow Tail—known for its kangaroo logo, attractive pricing, and fruity finish—is but one of the brands produced by Casella Wines. Australia's largest family-owned winery relies on the U.S. for three-quarters of its sales, but the Australian dollar's rise against the U.S. dollar has made its products less competitive against wines from rival regions such as California's Napa Valley and South America.

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Update: Problem, Aussie Wine Has A Yellow Tail Problem -- Wall Street Journal

My Comment: I remembre my first Yellow Tail bottle .... great taste and cheap. Sighhh .... the taste is there but the prices are not.

Most Expensive 'Wine Spill' Ever

An expensive drop ... Bottles of 2010 Mollydooker Velvet Glove (McLaren Vale Shiraz) accidentally destroyed in Adelaide. A total of 46 cases at $185 a bottle was sent down the drain. Daily Telegraph

That’s What You Call A Wine Spill: Fork-Lift Truck Drops $1m Of Top Aussie Wine -- Daily Mail

They say there is no point crying over spilt milk.

But when more than $1 million of high-quality Australian wine was spilt everywhere after a forklift dropped a crate of it, its understandable that the owner might have had a tear or two in his eye.

Some 462 cases of 2010 Mollydooker Velvet Glove shiraz — worth 185 Australian dollars was lost when a forklift dropped the consignment, according to a report Friday.

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Update: Million dollar drop as wine tumbles -- Herald Sun

My Comment: This accident happened last year .... and I still get the shivers when I think about it.