An established family Red Cliffs table grape farm has reportedly been sold to a Chinese-based private company.
The deal is reportedly worth around nine-million dollars in a walk-in walk-out deal for the fifty-four hectare property, according to a report in News Corp.
China buys almost half of the country’s exported table grape, with Australia’s industry worth three-hundred million dollars each year.
Article continues after this ad
Advertisement
Image: https://pixabay.com/photos/grapes-red-wine-fruit-vine-cute-2520999/