5 ways millennials are changing the wine world(2014-10-31)
• Millennials, whose budgets are more limited than boomers’, don’t show off by bringing the most expensive bottle of wine to a party.
• Millennials prefer wines with less tannin and more sugar and are developing a taste for sparkling sweet wines.
• Thanks to the Internet, wine lovers no longer have to take a costly trip to California or France to learn how wine is made. They can simply watch a YouTube video or connect with a winemaker on Twitter.
• Millennials also love to share information, which makes them an even more appealing demographic.
• Millennials are adventurous. They’re more likely to rely on the opinion of a friend or peer rather than a critic they’ve never met.
Mixed fortunes for Italy's harvest (2014-10-10)
Italian winemakers have been vexed this year by one of the wettest and most "bizarre" vintages in recent memory, as one producer put it. Across the country an extremely mild winter accelerated the growing cycle, causing a premature onset of ripening. An unusually cool summer slowed it down but the lower temperatures also brought overly abundant rainfall throughout Italy, which hampered ripening and led to widespread vine disease.
Wine industry 'crushed', according to WFA figures (2014-10-09)
The Australian wine industry's long, dry spell continues with new figures from the Winemakers' Federation of Australia (WFA) showing 94 per cent of inland production was unprofitable in 2014. As reported by Sunraysia Daily, the figures weren't much better on a national scale with 84 per cent of production unprofitable, while another 6 per cent only managed to break even.
Wine-shipping mess still around (2014-10-08)
Inside the industry, the interstate shipping issue that was hard to discuss a decade ago is now even more of a mess than it was, leading some insiders to pray for another court case that resolves the remaining knotty issues.
Germany weighs up climate change impact(2014-09-17)
German producers have largely welcomed the impact of global warming as helping them to compete in the modern marketplace, despite evidence that rising temperatures have brought an increased risk of storm damage.
South African wines gain momentum in UK market(2014-09-16)
The hard work put into growing the UK market by South African producers is beginning to pay off, but the country still needs to bring prices in line with market, says Wines of South Africa (WOSA). Speaking at last week's Beautiful South Tasting in London, Jo Wehring, WOSA UK market manager, said this year has been exciting for South African producers. "It's gathered enough momentum and we're now getting recognition for our top end wines that we weren't getting seven, eight or nine years ago," she said.
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.