Picture: Treasury Wine Estates

Wine

Australian wine exports tank as full impact of China tariffs becomes clear

Australia’s wine exports plummeted by 30 per cent or $860 million in 2021, as the first full year of China’s crippling tariffs on bottled Australian wine resulted in its previously top market falling to 14^th place.

Business

Wine report confirms massive Australian glut

More than two billion litres of unsold Australian wine is sitting in storage following a record 2021 vintage and a slump in exports and domestic sales.

News

Briefcase: Business snippets from around SA

In this week’s briefcase, Elders records its biggest profit in more than a decade, a huge outback green hydrogen project is flagged and 10 SA companies vying for national export awards.

News

SA wine industry report reveals pain of pandemic, China hit

More than 40 per cent of South Australian wineries experienced a decrease in sales in the 2020-21 financial year as Chinese tariffs, labour shortages and the coronavirus pandemic generated unprecedented challenges to growth, a local wine industry report has found.

Business

Timing is right for smartwatch launch into Europe, US

South Australian smartwatch company Spacetalk has signed a deal with its first European retailer as it prepares to launch in North America before the end of this year.