Wine boss says 10-year grape glut to continue

By Simon Evans
Updated October 3 2014 - 7:18am, first published 12:25am
Treasury shares have fallen 14.4 per cent from $4.92 since the announcement of the rejection of the buyout on Monday morning.
Treasury shares have fallen 14.4 per cent from $4.92 since the announcement of the rejection of the buyout on Monday morning.
There has been an oversupply of grapes in Australia for the past 10 years. Photo: Glen McCurtayne
There has been an oversupply of grapes in Australia for the past 10 years. Photo: Glen McCurtayne
Treasury shares have fallen 14.4 per cent from $4.92 since the announcement of the rejection of the buyout on Monday morning.
Treasury shares have fallen 14.4 per cent from $4.92 since the announcement of the rejection of the buyout on Monday morning.
Treasury shares have fallen 14.4 per cent from $4.92 since the announcement of the rejection of the buyout on Monday morning.
Treasury shares have fallen 14.4 per cent from $4.92 since the announcement of the rejection of the buyout on Monday morning.
Treasury shares have fallen 14.4 per cent from $4.92 since the announcement of the rejection of the buyout on Monday morning.
Treasury shares have fallen 14.4 per cent from $4.92 since the announcement of the rejection of the buyout on Monday morning.

Treasury Wine Estates will continue to benefit from the oversupply of grapes across the Australian industry which has existed for the past 10 years, one of its executive says.

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