Liv-Ex: Australian trade shrinks after Chinese tariffs
Secondary market activity for Australian wine experienced significant decline as a result of Chinese anti-dumping tariffs, as reported by Liv-Ex.
Tag: Australian wine
TWE’s plan to make Chinese Penfolds faces doubts from China
The Australian wine giant Treasury Wine Estates (TWE)’s plan to make Chinese Penfolds to bypass China’s punitive tariffs on Australian wine was met with doubts and skepticism from Chinese analysts and industry insiders, in a recent article published by state-owned media.
Penfolds to launch its first NFT with BlockBar
Penfolds, the Australian flagship brand from Treasury Wine Estates, is now joining the emerging non-fungible token (NFT) trend by launching its first NFT.
Chinese customs: Australian wine, the most rejected wine of origin to China
China’s crippling anti-dumping tariff of up to 218% have essentially upended Australia’s wine market in China, and it appears any access to the market will be even harder for Australia, as it ranks as the top country of origin rejected by Chinese customs upon entry.
Penfolds releases ‘final’ g5
Penfolds, the Australian flagship brand from Treasury Wine Estates, has announced the final release of its ultra premium “g” series trio – g5 – blending five vintages of Granges, following the launch of Penfolds g3 and g4 in 2017 and 2020 respectively.
WTO to investigate China tariffs on Australian wine
The World Trade Organization (WTO) has formally agreed to set up an investigative panel to examine China’s anti-dumping tariffs on Australian wines, a move that will likely anger China after it first blocked Australia’s request in September.
Andrew Caillard MW joins Australia’s DTC platform WithWine
Australia’s e-commerce and technology business WithWine, has recently announced that former wine auctioneer and retail executive Andrew Caillard MW has joined the leadership team as Associate Director.
Penfolds debuts on Bordeaux La Place
Treasury Wine Estates has announced that Penfolds 2018 Bin 169 Coonawarra Cabernet Sauvignon is to be distributed through the historic global distribution network La Place de Bordeaux.
Chinese wine market feels the pinch of Australian exit
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.
Australian wine exports drained by China
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.