Business
A more than $400 million drop in wine exports to China since January 1 drove a 10 per cent decline in global shipments of Australian wine in the 2020-21 financial year, figures released today by Wine Australia show.
Business
A record grape harvest this year on the back of a vanishing Chinese export market is expected to put a kind of pressure on the state’s wine industry not seen in more than a decade – but experts say it’s too early to predict if Australia is headed for a wine glut.
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Crippling Chinese tariffs on Australian wine have resulted in the value of exports to its once-biggest customer plummeting from $325 million to just $12 million in the past four months.
Labour shortages during wine vintage in South Australia are stretching beyond the vineyard as COVID restrictions prevent contributions from northern hemisphere winemakers who usually bolster the industry at this time of year.
Treasury Wine Estates has reached a deal to sell several of its US wine brands to an industry giant as it kicks off plans to split the company into three.
A Barossa block that is home to the world’s oldest known Mourvèdre vines has been named in a list of the top 10 vineyards in the world by a globally influential wine publication.
