Middle East tensions are starting to spill into your wine glass.
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Europe
EU outlook shows consumption and production sliding through 2035 as younger drinkers turn away and vineyards are pulled out. Read More
Japan’s sake exports grew 6% in 2024, driven by strong demand in North America and Europe, while sales in Asia, its largest market, declined. Read More
This price hike marked its first price adjustment in China since the government imposed anti-dumping measures on European brandy imports earlier this year. Read More
According to a report published by the International Organisation of Vine and Wine (OIV) on November 29, wine consumption in Europe—the primary market for wine—has plunged to its lowest level since 1951. Read More
China is expected to announce provisionary punitive tariffs on European brandy as early as August, marking the first time state media has provided a timeline for the decision, after launching an anti-dumping probe into EU-produced brandy five months ago. 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
In a huge blow to the global drinks industry, the World Health Organization (WHO) is calling for increased taxes on alcoholic beverages, particularly targeting wine, which is exempted from 22 countries, especially in Europe. Read More
Luxury group LVMH's wines and spirits revenue soared 26% last year, thanks to reopening of on-trade business in the US, Europe and a rebound in Asia. Read More
Europe's biggest wine trade affair ProWein Düsseldorf has officially been postponed from March to May this year, due to the rapid spread of the Omicron variant affecting global travels. Read More