Major reshuffle for China’s top wine exporters
Top contenders are racing to grab the top seat vacated by Australia, and the latest data have revealed the new faces for China’s top suppliers.
Tag: Australia
France outstrips Australia to become China’s top wine supplier
France has overtaken Australia to become China’s No.1 wine supplier, based on the latest Customs data, a result of the crippling tariffs slapped on Australian wines.
Chinese tariffs plunge Australian wine performance on secondary market
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.
China blocked over 9,000 bottles of Australian wines
More than 11 tons of Australian wines were blocked from entry in China due to what customs authorities cited as using excessive food additives and labeling issues.
Pernod Ricard rumored to buy TWE
Australian wine giant Treasury Wine Estates’ stock prices rose 8% on news of a potential buy-out from France’s biggest drinks and beverage owner, Pernod Ricard.
China’s leading supermarket operator Yonghui invests $31m in wine
China’s leading supermarket operator, Yonghui Superstores, is betting big on wine, buoyed by the country’s wine consumption potential.
China’s October wine imports surge on Australian wine rush
China’s October wine imports surged for the first time this year as merchants rush to stockpile Australian wines before any hefty punitive tariffs that have now come into effect this month.
Treasury halts Penfolds demerger amid China ordeal
Australian wine giant Treasury Wine Estates has officially halted its plan to demerge its most popular wine brand, Penfolds, as its biggest export market China mounts tariff threats and wine ban.
Breaking: China to ban imports of Australian wine
In a significant escalation of tensions, China has ordered merchants to stop purchasing at least seven categories of Australian commodities including wine starting from this Friday, according to a leaked memo.
Report warns of New Zealand’s vulnerability to China
Is New Zealand’s wine at the risk of being targeted by China following investigation into its Australian neighbor?