"World produces record amount of wine"

That's the headline. With insight like this, I suppose we can look forward to other breaking news like:

"Tomorrow, Earth will be older than ever before!"

or

"Northeast to receive most snow since the last blizzard"

Here's the entire article:

Global wine production is at its highest since the bumper crop of 1992, but drinkers are consuming less.

Production in 2004 is estimated to have reached 2.87 billion litres worldwide, according to figures from the International Wine and Vine Organisation.

However, the world's wine drinkers only managed to consume 2.3 billion litres, leaving an expected shortfall of 5.7 million litres, the biggest gap ever.

Meanwhile, a new report is predicting that Australia will increase its grape production by more than five per cent over the next two years. Wine exports from Australia continue to grow, with a 14 per cent increase in the 2003-4 period alone.

Maybe my math skills are a bit dull but if the world is producing more wine than ever, and that supply is greater than the demand, where will Australia put the 'more than 5 percent' growth over the next two years?