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
Australian wine
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
Australia has appointed two country managers for Japan and South Korea to grow Australian wine as it tries to diversity and intensify Australian wine exports during "a really challenging time" amid sharp export drops to China. Read More
China is suspending all imports from Australia and New Zealand including dairy, beef, agricultural products and wines with immediate effects, a significant escalation of tensions between China and its pacific neighbors. Read More
Treasury Wine Estate (TWE), the parent company of popular Australian wine brand Penfolds, revealed its revenue in mainland China has plunged by more than 97% or about AU$76.2 million from July to December 2021 due to China’s crushing anti-dumping tariffs. Read More
Customs officers in Shenzhen Bay Port have seized RMB 1.5 million (US$ 236,637) worth of fine wines smuggled from tax-free Hong Kong to mainland China, mostly consisting of Australian wines. Read More
China’s harsh anti-dumping tariff imposed on Australian wine has cost Australian wine industry AU$ 1 billion, according to the country’s wine trade body, resulting in a 30% decrease in Australia’s overall wine exports last year. Read More
Secondary market activity for Australian wine experienced significant decline as a result of Chinese anti-dumping tariffs, as reported by Liv-Ex. Read More
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. Read More
Penfolds, the Australian flagship brand from Treasury Wine Estates, is now joining the emerging non-fungible token (NFT) trend by launching its first NFT. Read More