Business
A lack of reliance on exports to China, a booming UK retail market and the “outstanding success” of its new alcohol-free wine range is paying dividends for listed wine company Australian Vintage Limited.
Business
Exports of Australian wine fell by more than $100 million in the last three months of 2020, signalling a tough year ahead for local companies as Chinese tariffs hit hard.
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The recent announcement of harsh Chinese tariffs on Australian wine imports will devastate South Australia’s huge wine industry. But the magnitude of the blow could have been significantly reduced if Australian producers had pursued greater diversification in their export strategies, argue Flinders University Professor Roberta Crouch and Dr Nathan Gray.
Australia’s largest listed wine company Treasury Wine Estates has unveiled its plan to reduce the impact of harsh Chinese tariffs as its share price continues to slide.
Exports of premium Australian wine have reached a record value of $1.1 billion but the high could be short-lived as concerns emerge over the impact of coronavirus on China and declining North American sales.
South Australian wine baron Warren Randall has made a string of acquisitions aimed at fuelling his booming Chinese sales, with the latest purchase his first vineyard in Australia’s largest grape-growing region.
Wine made in Australia by a Mexican and an Australian for Mexicans. It’s a mouthful but it’s also the motto of a trans-pacific partnership that’s putting boutique wines from the Barossa, Adelaide Hills and McLaren Vale wine regions on the map in Mexico.
