Treasury Wine Estates appears to have absorbed the shock from China’s punitive tariffs and “is positive on outlook across its key markets outside mainland China” for the year 2022, the company has announced in its latest 2021 annual report. Read More
Australia
Australian Olympians got too carried away on their flight home from Tokyo and were accused of unruly drunken behaviors. Read More
The economic pains of the China-Australia conflict are also being felt in China, as the Chinese wine market struggles to absorb the aftershock of the boozy breakup. Read More
Australian wine exports to China from January to June plunged to just AU$13 million, down from AU$419 million of the same period last year, as other market gains struggle to offset loss in its most valuable export market. Read More
A single bottle of Penfolds Grange with its founding winemaker Max Schubert's signage has set a new world record price for any Australian wines sold at auction, fetching a whopping AU$142,131. Read More
Australian wine giant Treasury Wine Estates has quietly rolled out South Africa made Rawson's Retreat for China to bypass up to 218% punitive tariffs imposed on Australian wines. Read More
Just days after Australia appealed to WTO over China's tariffs on Australian wine, China hit back with unprecedented complaints against Australian duties. Read More
Australia's biggest wine producer Accolade Wines is allegedly scouting vineyards in northwestern China. Read More
Australian wine exports to China were shaved off by over 95% since the punitive tariffs came into effect last November, painting a grim roadmap that leaves little breathing room for Australian wineries in the Chinese wine market for the next five years. Read More
China's punitive tariffs of up to 218% on Australian wines are not only corking Australian wine exports, but also having a "detrimental impact" on Australia's performance in the secondary market, according to Liv-ex. Read More