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. Read More
Australia
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. Read More
Chinese customs has blocked the entry of four tons of Australian wines citing contaminated cork as the main cause for its decision, as relations between the two trading partners sinks to all time low. Read More
With crushing tariffs on Australian wines and international travel restrictions due to the coronavirus pandemic, Australia is sobering up to a costly China fallout. Read More
A few Chinese-owned Australian wineries are reporting unfair treatment and abuse after a social media campaign emerged in Australia calling for consumers to boycott 41 Chinese-owned wineries in the latest wine-related trade spat. Read More
Australia’s second biggest wine group, Accolade Wines, is putting two of its wineries up for sale as part of the group’s decision to restructure its south Australian operations. Read More
A collection of Penfolds Grange spanning from its inaugural 1951 vintage to 2015 vintage was sold for a record price of AU$431,000 to an anonymous buyer in Sydney, smashing its previous record from last year. Read More
China further inflicted more punitive tariffs on Australian wine today, less than two weeks after smacking a crippling 212% tariff. Is this the final nail on the coffin? Read More
In this explainer, we break down in detail how the new tariff on Australian wines is going to be calculated and how long it's going to last. Read More
Treasury Wine Estates has announced today that it will pivot towards other luxury markets to offset its loss in China and hints at opening a new production base in the country. Read More