Consumers are increasingly drinking wine outside mealtimes, and the trend has gained momentum since the height of COVID-19 lockdowns, according to the latest data from a UK research firm.
Tell us if you are drinking more in COVID here.
China has begun an anti-dumping probe into Australian wine imports. Australia is now the biggest importer of wine into China, having overtaken France in 2019.
Australia’s largest listed wine company says its net profit has dropped 25% to $315.8, but a Chinese sales recovery has helped lift the company’s shares to their highest in months as it restarts VIP wine dinners in China.
A new report, the Total Beverage Alcohol Overview for June 2002, reveals the value of total beverage alcohol imports in the US (including bulk and packaged) fell 2% by value over the last twelve months and plummeted 24% by value over the last three months Is the coronavirus stumps sales of alcohol.
By Nicki Bourlioufas The Australian winegrape crush in 2020 was 1.52 million tonnes – the lowest since 2007 given the impact of drought and bushfires, according to the National Vintage Report 2020 from Wine Australia. The 2020 crush was 12 per cent lower than the 2019 crush, and 13 per cent below the ten-year average
By Nicki Bourlioufas Wine sales in full-service US restaurants and bars will not return to 2019 levels until after 2022, creating huge financial pressures for wine suppliers, according to Rabobank’s Quarterly Wine Report for the second quarter. Covid-19 containment measures in the US, such as lockdown orders and social distancing, have pummelled on-premise wine sales.
Wine being sold in a can is increasingly making an appearance on liquor shop shelves. While Australians prefer their wine in a glass, well-known brands are increasingly appearing in a can and a broad range of wines has seen big growth in canned wines available in Australia.