The 2023 vintage for Australian wine is predicted to be the smallest in over two decades, according to the National Vintage Survey 2023, due to adverse weather conditions and a decline in global demand. Read More
Australian wine
Treasury Wine Estates will shut down its Karadoc winery in Victoria amid rising operational costs and China's punitive tariffs that have made the wine giant's commercial wine operation "unstainstable" Read More
Australia’s largest wine cooperative CCW is considering legal action against Australia’s biggest wine producer Accolade Wines over payment dispute. Read More
It will take years to rebuild China market even if Beijing drops hefty punitive tariffs on Australian wines, says TWE CEO. Read More
Emerging markets in Southeast Asia showed strong growth for Australian wine exports in the past 12 months but were unable to offset declining value to traditional markets. Read More
China could lift its punitive tariffs on Australian wine before the end of June, according to former Australian Ambassador to China, signalling a key step to bring the bilateral wine trade back on track. Read More
Tom King, managing director of Australia’s popular wine brand Penfolds, has met with China’s official drinks trade organization, the first high-level meeting between the two parties following the signing of their long-term partnership last year. Read More
China's punitive tariffs on Australian wines could be lifted in an unofficial manner as tensions between the two countries thaw following signs of warming ties. Read More
Last week's meeting between Australian Prime Minister Anthony Albanese and Chinese President Xi Jinping in Bali raised hopes for Australia's wine industry. Read More
Australia’s annual wine exports contracted 11% in value to AU$2.01 billion but Wine Australia is sanguine about its future as it is seeing “the tail end of the decline” in exports to mainland China. Read More