Australian wine giant Treasury Wine Estates has confirmed the acquisition of Wetherall Coonawarra Vineyards in south-western Australia’s Coonawarra wine region for an undisclosed sum.
Taiwanese who drink alcohol will tend to choose wine over beer and spirits, according to the findings by Taiwan Public Opinion Foundation (TPOF), a non-government polling organisation.
Sichuan province, bordering Yunnan and Tibet in southwestern China, has been tipped by local government as the new testing ground for high-altitude viticulture, as the province’s wine industry turnover exceeds RMB 700 million (US$110 million).
The value of US wine exports fell by 5.5% in 2017 to $5.53 billion, drawing a line under seven years of consecutive growth, with the biggest decline seen in exports to the European Union, while volumes have soared in both Singapore and Hong Kong.
Some 66.5 million bottles of wine, the equivalent of 13 Olympic sized swimming pools full of plonk, was falsely sold as high quality Côtes-du-Rhône wine, French officials have revealed.