Treasury Wine Estates, Australia’s biggest listed wine company, posted a 5.3% growth in annual profits in fiscal year 2022 but its flagship wine Penfolds’ overall … Read More
Australia
Following a bombastic post by China's official trade organ stating a sweeping ban on Australian and New Zealand imports, both governments have come out to disperse the rumor, after it caused widespread fear and panic threatening billions of exports. Read More
China is suspending all imports from Australia and New Zealand including dairy, beef, agricultural products and wines with immediate effects, a significant escalation of tensions between China and its pacific neighbors. Read More
Treasury Wine Estates (TWE), the parent company of popular brand Penfolds, has secured a landmark win in China's highest court against Penfolds copycat 'Rush Rich' after six years of legal battle spanning courts in Australia and China. Read More
Penfolds, the flagship Australian wine brand owned by Treasury Wine Estates, is far from winding down its business in China in wake of crushing tariffs, and has just unveiled a China-exclusive wine with the country's VATS Liquor Store, a nationwide wine and spirits distributor. Read More
Australian wine exports saw "not unexpected" export declines, affected by China's punitive tariffs and the ongoing impact of the pandemic, according to Wine Australia’s latest Export Report. Read More
Weilong Grape Co, China's third biggest wine producer, plans to sell over 320 hectares of its vineyards in Australia for RMB 660.6 million (AU$143 million), one year after China's punitive tariffs on Australian wines have crushed its grape dream. Read More
Australia's wine trade body Wine Australia has announced that it will close its China office in Shanghai, after exports to its once most profitable market plunged under China's punitive tariffs. Read More
China and Australia had a full and frank meeting in Singapore for the first time in 3 years, while ironically drinking an Australian white wine. Read More
Australia's most exported wine brand, Yellow Tail, has launched its Chile-made Yellow Tail range for the Chinese market this month to sidestep China's punishing tariffs on Australian wine, the company has told Vino Joy News. Read More