Vic wine grape prices drop to 10 year low

Many of Victoria's grape growers are feeling the squeeze as grape prices drop to under $300 a tonne - the worst in a decade.

Grape grower earnings plunged 15 per cent on last year, leading Murray Valley Winegrowers to warn of a farmer exodus from the industry.

A decade ago prices hovered around $500 a tonne.

"Our industry is currently finely balanced between those contemplating getting out and those who think it must be in the brink of recovery," the Murray Valley Winegrowers said in a statement.