Australian farmers rip out millions of vines amid wine glut
Millions of vines are being destroyed in Australia and tens of millions more must be pulled up to rein in overproduction that has crushed grape prices.
Source: rnz.co.nz
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Australia sees China wine tariffs lifted within weeks
Sydney (AFP) Feb 27, 2024 - Australia hopes China will lift damaging punitive tariffs on its wine exports within weeks, Canberra's trade minister said in an interview broadcast Tuesday, signalling the end of a politically tinged dispute.
Source: terradaily.com
South Australia news: Major South Australian wine producer plunged into administration
A major South Australian winery has been plunged into administration, amid ongoing pressure on the industr...
Source: 9news.com.au
It's all change for Australian wine in 2024
This year could prove to be a watershed moment for the Australian wine industry with "transformational acquisitions" rumoured to be afoot.
Source: thedrinksbusiness.com
Accolade Wines restructure looms but China no golden ticket
Bain Special Situations and Sona Asset Management, two specialists in distressed assets, are poised to take control of the country’s second-largest winemaker.
Source: afr.com