The Western Australian government has announced $1.13 million in funding for nine projects under round seven of the Regional Economic Development Grants program, including to Rockcliffe Winery to assist in production of low- and zero-alcohol wine. According to a statement from regional development minister Don Punch on Tuesday, Rockliffe was awarded $225,000 to help purchase…
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.…
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…
Applied EV selects Cissoid’s inverter control module Melbourne-based vehicle control system specialist Applied EV announced on Wednesday that it has selected Cissoid’s new CXT-ICM3SA series of Silicon Carbide Inverter Control Modules (ICMs) for their latest generation of autonomous vehicle e-motors. According to Cissoid, their software-powered ICMs are “augmented with onboard programmable hardware, accelerating the response…
By Weihuan Zhou, UNSW Sydney and James Laurenceson, University of Technology Sydney China’s Ministry of Commerce has finally ended its tariffs on Australian wine, which had been imposed for more than three years at rates as high as 218.4%. The measures have had a catastrophic impact on Australia’s wine exports. In 2019, Australia sold A$1.24…
Casella Family Brands, the maker of Yellow Tail and Peter Lehmann wines, has switched on the largest solar PV facility in the Australian wine industry at its facility at Yenda, NSW. CEO of Casella Family Brands John Casella said the facility was a major step forward for the industry and his business. Casella said: “We’re…
The maker of Penfolds Grange, Treasury Wine Estates has noted an interim draft determination by the Chinese Ministry of Commerce that would reopen the China market to Australian wine exports. The determination outlines a proposed removal of the current tariffs which have crippled what was once a $1.2 billion export trade with China – reducing…
Treasury Wine Estates, the maker of Penfolds wine, is preparing to re-enter the Chinese market as soon as the market reopens as expected to Australian exports. The company, which reoriented itself towards luxury and premium wine brands to make up for the loss of profits from China, told investors that it expected China to release…
Exports were down 2 per cent by value to $1.9 billion and 3 per cent by volume to 607 million litres in the last calendar year, Wine Australia’s Australian Wine Export Report shows. The export figures, published by the federal agency on Wednesday, show an improvement versus the September quarter’s export report, though figures remain…
Australia’s wine industry recorded the lowest wine production in 15 years in 2022-13, with total sales exceeding wine prodiction, according to new figures from Wine Australia. Total sales of Australian wine were 11 per cent above production in 2022–23 – not enough to substantially reduce pressure on historically high national wine inventory levels Wine Australia’s…
