Shares in Australia’s largest listed wine producer Treasury Wine Estates (TWE) have lifted from their 2020 lows on speculation the company will sell its famous Penfolds division, rumours which have been denied by the company.
Last year, Bordeaux wine producer Loïc Pasquet released the world’s most expensive wine, with the 2015 Liber Pater priced at €30,000. This year, the Bordeaux Chauvinist falls under the spell of Loïc Pasquet’s 2018 Denarius release, one of Bordeaux’s most expensive blends at around €500, with name aptly meaning money in Latin.
With nearly fifty Grüner Veltliner growers in Australia, over forty are based in the Adelaide Hills. Here, says Greg Horner, who owns Mt Bera Vineyards with his wife Katrina, the Austrian variety does very well, producing even fuller, longer flavours than some of Austria’s own ‘Gru’ wines.
The value of Australian wine exports has hit its highest level since 2007, reaching $3 billion, despite unprecedented disruption in markets around the world caused by the COVID-19 pandemic, with exports to Europe jumping in value and overtaking North American exports.
While other industries have suffered dramatically, the US wine industry has held relatively steady during the COVID-19 pandemic, with volumes consumed forecast to be steady this year from 2019, though revenue is expected to fall, according to a new report from Wine Intelligence.
An increasing number of surveys has found that the growth in wine drinking during the COVID-19 pandemic has been led by women rather than men – a trend observed globally – and having a child-caring role was strong predictor of increased alcohol consumption for women.
Tell us if you are drinking more in COVID here.
Riding the huge success of Emily in Paris is Champagne Taittinger, with Emily seen all over Paris holding a bottle, whether in front of the Eiffel Tower, on a romantic Paris street, or enjoying the bubbles at one of the many parties she attends.
Tell us whether you prefer French, Italian or Australian bubbles here.
Australian wineries boosted online sales by 50% in the 2019-20 financial year, and sold more wine directly to the consumer through wine clubs and other channels, helping to offset on-premise drops, according to a survey released by Wine Australia.
The Chinese Ministry of Commerce (MOFCOM) has targeted Treasury Wine Estates, Casella Wines, Pernod Richard and Australia Swan Vintage as part of its anti-dumping (AD) and countervailing duties (CVD) investigations into Australian wine exports.
Australian wine exports dip
The number of sparkling wine drinkers in the US is growing, with a 17% increase in the number of monthly drinkers since 2018, with US drinkers increasingly favouring Italian wines, though they turn to Champagne for quality, according to a report.
Tell us whether you prefer French, Italian or Australian bubbles here.
