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…
News that China will undertake an “expedited review” of trade sanctions on Australian wine has been welcomed by Weld Australia, but the group – citing an apparent end of anti-dumping tariffs on wind towers from China – says improved market access “cannot come at the cost of manufacturing”. As reported by @AuManufacturing, the Chinese government…
Treasury Wine Estates the maker of Penfolds has welcomed moves by China to review its import tariffs slapped on Australian wine in 2020 and revealed how it will re-enter the critical growth market. The company said that it has maintained its commitment to Chinese consumers throughout the period including experienced sales and marketing leadership in…
China has taken the first steps to lift the punishing tariffs on Australian wine imports ahead of the visit to Beijing by Prime Minister Anthony Albanese. China will undertake a five month review of the tariffs of up to 220 per cent on Australian wine imposed in 2020 as relations deteriorated between Canberra and Beijing.…
Penfolds’ manufacturer Treasury Wine Estates is reaping the benefits of its switch out of commercial wine production to focus on expanding its sales of luxury and premium wines such as Penfolds Grange. Outgoing Chairman Paul Rayner told the company’s annual general meeting that the premiumisation trend where commercial wine sales were soft remained strong across…
