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Aussie vineyards expecting better earnings as their hedges wind down

Exporters can now lock in the weaker exchange rate with new, more favourable contracts
Wednesday, January 6, 2016 - 05:50
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Casella Wines, which exports Yellow Tail wine, has expanded its sales and marketing team, adding eight new roles over the past year and a half. It recently acquired Brand's Laira Winery.

Sydney

THE Australian dollar has completed its third year of declines yet John Casella, whose family exports Yellow Tail wine around the world, is only now starting to fully savour its benefits.

Mr Casella expects improved earnings as unfavourable currency hedges wind down and his