Wine industry still battling over-supply (Sydney Morning Herald)
The Australian wine market is still struggling to absorb an oversupply of wine, Foster's Group Ltd chief executive Trevor O'Hoy says. Mr O'Hoy said the global drinks industry continued to consolidate at both the producer and retailer level and the market was shifting towards premium brands.

Wine market still tough for Foster's (Australian Financial Review)
Foster's Group has announced a 10.5 per cent rise in underlying first-half profit , underpinned by strong growth in premium beer sales driven and its $3.7 billion acquisition of winemaker Southcorp, but it warned that trading conditions remain difficult in key wine markets.

EU calls summit on wine surplus (South African Wine News)
A glut of European wine has caused the European Commission to call an emergency wine summit to determine what to do with the surplus.