Drop in Western Australian exports to China(2014-08-28)
The Western Australian wine industry is being forced to reassess the extent of its reliance on China after seeing a sharp fall in sales and volume.
According to the ABC, new export figures reveal wine exports from WA to China in the 12 months to July 2014 were down 25% by volume and 20% in sales
France Looking Forward to Bigger and Better Wine Harvest(2014-08-27)
The French wine industry is expecting a better harvest this year, despite drought and hail damage to some vineyards.
The Department of Agriculture has revised upwards its forecast for the 2014 harvest, estimating the potential of wine production to nearly 47 million hectoliters, with the summer rains promoting growth.
Strong Earthquake Strikes Napa Valley, Shakes San Francisco Bay Region(2014-08-26)
It is expected that insured losses for this event could range from $500 million to $1 billion, however, it should be noted that there is a fair amount of uncertainty associated with this given the unknown extent of interruptions and contents losses, which are still being fully understood.
Leaked trade deal a threat to Canadian wine(2014-08-19)
The Canadian wine industry could face new restrictions within its own borders if a leaked European Union trade deal turns out to be accurate. Based on the information released in a 521-page document, an impending trade deal between Canada and the EU would restrict Canada’s domestic wine sales by limiting the number of privately run outlets selling solely domestic products.
Australian wineries face selling wines at a loss in 2014(2014-07-04)
Australian wineries may have to sell their wines at a loss this year if prices fall below current levels given high costs of grapes and production in 2014, warns top wine broker Murphy Wine Company. Although official figures have not been released, it is anticipated the nation's 2014 harvest will be smaller than last year.
South African Wines Gaining Traction In U.S.(2014-07-01)
South African wine may still be a relatively small category in the U.S. market - with bottled shipments up 11% to 954,000 cases last year - but its expansion has accelerated lately, and key players are bullish on growth opportunities, especially at the premium end.