Breaking: SA government commits $109m to help struggling wine industry

· Australia

Breaking: SA government commits $109m to help struggling wine industry

The state government says the package was developed through consultation with key wine industry stakeholders. (ABC News: Che Chorley)

The South Australian government has announced a $109 million support package for the state's struggling wine industry.

Grape growers across Australia have pleaded for support since the pandemic, when the industry experienced a major glut of red wine due to a ban on exports of Australian wines to China and a global downturn in wine consumption.

SA is home to several major wine regions, including the Barossa Valley, McLaren Vale and the Riverland.

Premier Peter Malinauskas announced the package today with $100 million dedicated to loans to help growers transition to other crops.

He said eligible growers would be able to access loans of up to $500,000, with no principal or interest repayments required for the first two years.

The support package also includes a two-year extension of the Global Wine Growth Program to drive international demand, support the disposal of chemically treated wine posts and address wine surplus inventories.

This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced.

Stay informed and connected with the ABC. Covering a wide range of topics and brands including News, iview, listen, and

Source: ABC News - Top Stories