Page 10 - Tempus Two News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 that has also enveloped other industries including barley, lobsters and coal as geopolitical tensions...

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 Garvin says the zero alcohol trend is accelerating.   Australian Vintage Mr Garvin said COVID-19 tr...