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…
Rio Tinto boosts stake in Australia’s second-largest smelter Rio Tinto has acquired Japanese conglomerate Mitsubishi Corporation’s interest in the Boyne Island aluminium smelter. It bought the 11.65 per cent interest in Boyne Smelters, which owns and operates the Gladstone, QLD based smelter, for an undisclosed sum. The acquisition follows Rio Tinto’s agreement to purchase shares in…
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…
Wirra Wirra in US export breakthrough McLaren Vale, South Australia winery, Wirra Wirra, has secured a landmark, exclusive deal with the world’s largest family-owned wine company, E. & J. Gallo Winery (Gallo) to export its range of wines across all 50 US states. Under the agreement, Wirra Wirra will be Gallo’s exclusive McLaren Vale supplier,…
Australian wine exports were down by volume and value over the last financial year, according to Wine Australia’s Australian Wine Export Report, released on Thursday. Exports declined 10 per cent by value to $1.87 billion and 1 per cent by volume to 621 million litres, according to the figures. The US market “is experiencing structural…
