One of Australia’s biggest organic wineries, Salena Estate, has gone bankrupt following a domino effect of financial challenges triggered by hefty tariffs imposed by China. Read More
Australia
China's Ministry of Commerce is hinting at a crucial decision on whether to lift tariffs on Australian wines, as Australian wine exporters wait with bated breath on the final green light to re-enter China market. Read More
Treasury Wine Estates, the Australian wine giant that owns Penfolds, says it’s “prepared and well placed” to resume shipping of its wines including Penfolds Bin and Icon series to the Chinese market once Beijing completes tariff review as soon as next month. Read More
Australian wine exports declined in 2023, falling significantly below long-term averages due to a slowdown in Europe and North America amid softening global wine demand and lukewarm sales. Read More
More than a hundred of employees at Treasury Wine Estates staged a protest to demand better pay in response to costs of living crunch and China reopening hopes. Read More
China's biggest domestic winery is expanding its stake in Australian winery Kilikanoon as the country is expected to lift crippling punitive tariffs on Australian wine as early as April next year. Read More
This decision, announced by the Ministry of Commerce, is expected to its way to eventually remove the last roadblock to resume normal wine trade between Australia. Read More
Craig Stansborough, the Group Premium Winemaker at Accolade Wines, shared with us in an interview the complexities of export markets, the sting of China's tariffs, and the labyrinthine challenges birthed by the pandemic form a tapestry of trials and tribulations. Read More
Australian wine exports have dipped well below long-term averages. Could imminent tariff lift from China save the it? Read More
In a landmark deal potentially valued at US$1 billion, Australian wine giant Treasury Wine Estates (TWE) has announced its acquisition of California's DAOU Vineyards. Read More