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Chinese customs authorities have blocked around 20,000 bottles of Australian wines, including Australian flagship wine brand, Penfolds, over what it calls as “labelling issue”, as Australian wine exports to China essentially ground to a halt, after being slapped with 212% anti-dumping tariff.
Australian wine giant Treasury Wine Estates’ head of Europe, Middle East and Africa (EMEA) department has resigned two years on the job.
Ningxia, China’s premier wine region in northwestern China, seems to have uncorked more overseas markets in the pandemic year, with a record year of wines exported, according to data released by the province’s customs department.
Global pandemic coupled with China’s crushing anti-dumping tariffs on Australian wines have shaved off 24% of profits for Australian wine giant, Treasury Wine Estates, parent company of Penfolds.
Penfolds, the flagship wine brand under Treasury Wine Estates, is again pushing the envelop and released for the first time wines carrying a “Wine of the World” label by blending California grapes with a touch of Australian addition.
Some superlative lots including five vintages of 100-point Harlan magnums, Screaming Eagle magnums and a collection of 6-liter imperials from Opus One will go under hammer at the inaugural ‘Direct from the Cellar: Napa Valley Library Wine Auction’.
Gavin Jones, former Managing Director of Hong Kong’s leading wine and spirits company, Jebsen Beverage Company, has ventured out and set up his own consultancy.
China’s biggest wine and spirits trade fair has announced that it will postpone its fair schedule from originally planned March to April, after the hosting province issued a directive to ban large-scale, sales-oriented gatherings as part of its precautionary measures following small clusters of infection.
Two men were arrested in Macau for trafficking over US$3 million worth of liquid cocaine in eight wine bottles, the first case of its kind busted in the gambling city.
Australian wine exports slowed in the 12 months to December 2020, significantly clipped by China’s punitive tariffs in the last two months of the year that nearly flatlined December exports, according to Wine Australia’s latest Export Report released today.