Winemakers are holding more stock than their local and overseas customers can drink. That's because wine production was up during 2007-8, but sales were down. Australia produced 1.2 billion litres of wine during that period - up nearly a quarter on the year before - from a total grape harvest of 1.8 million tonnes. Drinkers, though, were tippling less as domestic sales dropped by 5 per cent to 426 million litres and exports fell 9 per cent to 715 million litres. The result was that winemakers' inventories rose 5 per cent to 1.9 billion litres, the Australian Bureau of Statistics found. Red and rose wines made up nearly two-thirds of the stock. -- AAP

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