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.
Russia to Raise Minimum Price on Hard Liquor(2014-06-24)
Russia's alcohol market watchdog is planning to raise the minimum retail price of spirits from 37 rubles per liter to 43 rubles per liter ($1.07 to $1.25), according to a draft order published on the government's legislation portal.
NZ wine industry launches WiSE(2014-06-17)
The New Zealand wine industry has launched a sustainability scorecard and “reporting tool” to allow producers to measure their level of sustainability.