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Wine sales to China crash on tariff hit

Wine sales to China crash on tariff hit Share Australia’s wine exports to China plunged to just $13 million in the six months ended June 30 compared with $490 million a year earlier as the full impact of the punishing wine tariffs imposed by Beijing washed through. Wine Australia announced on Wednesday that total wine exports from Australia for the 12 months of 2020-21 dropped by 10 per cent to $2.56 billion as the hit from China tariffs dragged exports lower, even though a healthy rise in sa...
Hong Kong United Kingdom Republic Of Tim Ford Rachel Triggs Australian Vintage
Source: afr.com

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Wine exports to China crash on tariff hit

Wine exports to China crash on tariff hit Share Australian wine exports to China crashed to just $12 million in the four months ended March 31 from $325 million a year earlier, as punishing tariffs meant it was almost pointless for Australian producers to try to ship wine to that country. New figures from industry body Wine Australia detailed the full extent of the hefty tariffs of up to 212 per cent which have been placed on bottled products from Australia by the Chinese government in a spat t...
United States Hong Kong United Kingdom Republic Of South Korea Tim Ford
Source: afr.com

Zero alcohol trend a winner for McGuigan

Zero alcohol trend a winner for McGuigan Save Share The trend towards zero-alcohol drinks, which have been a winner for beer giant Heineken, is also helping to supercharge sales of the McGuigan wine brand for ASX-listed Australian Vintage. The McGuigan Zero range of four wines now made up 10 per cent of the sales of the entire McGuigan portfolio, which was already a big-seller globally, Australian Vintage chief executive Craig Garvin said on Tuesday. Australian Vintage chief executive Craig Gar...
United Kingdom Republic Of Barossa Valley South Australia Barossa Valley Wine Company Mcguigan Zero
Source: afr.com

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