Australian wine has made a splash on the global stage, with exports fizzing up to a frothy $2.55 billion this past year, showing a robust increase of 34 per cent in value and a 7 per cent uplift in volume, pouring out 649 million litres worldwide. The toast of the town? Our vineyards’ vibrant venture…
Industry research and development, marketing and regulatory body Wine Australia has released its latest Export Report, showing exports up 34 per cent by value and 7 per cent in volume for the 12 months ending September 2024, both reaching their highest levels in three years. In a statement on the report on Tuesday, Wine Australia…
Green hydrogen developer Provaris Energy has completed a Concept Design Study which reaffirms the low energy use and low capital cost of its proposed bulk hydrogen export and import compression facilities that complement the company’s H2Neo compressed hydrogen vessels (pictured). The Study was based on a 540MW capacity export site producing 10 tonnes of hydrogen…
The three AUKUS nations Australia, the UK and the US have established an export licence-free environment, opening up investment and export opportunities for industry. Defence Minister Richard Marles first raised the possibility of removing barriers to procurement, investment, information and data sharing systems, and export requirements with the government in 2022, and described today’s announcement…
The maker of Penfolds, Treasury Wine Estates is focused on the re-establishment of its Penfolds Australian portfolio in China following the removal of tariffs. As part of FY24 results the company told investors that it immediately began re-establishment in the fourth quarter, with strong shipment demand from customers and initial depletions in line with expectations.…
China dairy export focused manufacturer Jatcorp has reported rising sales and profits for the quarter ending 30 June 2024. The company told investors that quarterly revenue increased 13.5 percent compared to the previous quarter to $16.8 million while gross profit increased to $6.14 million, a rise of 10.4 percent from $5.56 million on the previous…
China focused retailer Aumake has entered a non-binding three year co-operation framework with Chinese State-Owned Enterprise Yangtze River New Silk Road International Logistics (Hubei) Group Co., Ltd to establish a China supply chain for Australian made goods and services. Under the framework Yangtze River intends to purchase a minimum of $100 million worth of Australian…
Wine exports to China, on which harsh duties were removed earlier this year, are back to near-peak levels, the federal government has announced. On Monday agriculture minister Murray Watt said that over 9.8 million litres of bottled wine was exported to China in May, valued at $142.2 million. Of this, nearly 7.4 million litres worth…
The Queensland government has awarded tenders for six petroleum and gas exploration areas across Bowen and Surat basins. However, despite continuing shortages of gas and price escalations faced by industry, only one is earmarked for domestic gas supply. Gas exports have been under heavy attack in recent months with revelations by the Australia Institute that…
The maker of Penfolds wine Treasury Wine Estates has issued new, higher earnings estimates for the company following its resumption of sales to China in March and a price hike timed for 1 July. The company expects Penfolds’ earnings margin to be approximately 42 percent with the resumption of China sales, reflecting the reestablishment of…
