An Australian Wine and Brandy Corporation report says the value of Australian wine exports fell 14% in the year ending April 2009.

The report says the global financial crisis has brought continued pressure of many Australia’s key export markets.

It has led to an increase of lower-priced bulk wine shipments but that was offset by a fall of about 75 million litres in the higher-priced bottled segment.

The United Kingdom accounted for more than half of that decline. (Source: ABC News.com)