WineSocial - The Digital Ecosystem for the Business of Wine

News Industry News

Australian wine giant Treasury Wine Estates has confirmed the acquisition of Wetherall Coonawarra Vineyards.

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.

Taiwan is estimated to have imported US$183 million worth of wine last year from the UK.

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 at the moment has about 20 wineries and 63,000 mu (4,200 hectares) of land under vine, with an annual production of 15,000 tonnes.

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 decline in US wine exports mirrors a tailing off in growth of wine sales more generally in the US market.

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 of the wine, 10,000 litres in fact, was even falsely sold under the renowned Chateauneuf-du-Pape AOP label, the commercial value off which was €7000,000.

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.