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
Australia
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
First made-in-China Penfolds will be released exclusively for the Chinese market in coming months, as Penfolds aims to play a meaningful role in Chinese wine industry to skirt tariffs. Read More
Australia's leading wine exporter Casella Family Brands, the parent company behind Australia's biggest selling wine brand, Yellow Tail, has reportedly put up from 35 vineyards in Australia up for sale. Read More
Penfolds, the flagship brand of Treasury Wine Estates, is launching a rare 2018 Superblend Imperial Duo as two NFTs on BlockBar, a New York-based luxury wine and spirits NFT platform for its first-ever NFT wine auction Read More
China’s eastern Jiangsu province has dismantled what the policed described as a “mega cross regional” fake wine production ring, seizing over 8,000 bottles of counterfeit Penfolds worth over RMB 10 million (US$1.6 million). Read More
Treasury Wine Estate (TWE), the parent company of popular Australian wine brand Penfolds, revealed its revenue in mainland China has plunged by more than 97% or about AU$76.2 million from July to December 2021 due to China’s crushing anti-dumping tariffs. Read More
Customs officers in Shenzhen Bay Port have seized RMB 1.5 million (US$ 236,637) worth of fine wines smuggled from tax-free Hong Kong to mainland China, mostly consisting of Australian wines. Read More
China’s harsh anti-dumping tariff imposed on Australian wine has cost Australian wine industry AU$ 1 billion, according to the country’s wine trade body, resulting in a 30% decrease in Australia’s overall wine exports last year. Read More