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News posted on Wednesday, 7 October 2015

Kauri Early Order Barrel Discounts for Vintage 2016
Kauri is offering fantastic early order savings on Saury’s range of oak barrels. For best prices and discount delivery rates from the cooperages of Saury, Saury Bourgogne, Tonnellerie LEROI and Saury USA, please order by: Fri 02 Oct 2015 Hunter Valley; Fri 30 Oct 2015 Rest of Australia; Fri 13 Nov 2015 New Zealand. A FREE silicone bung will be given away with every barrel ordered.

Wine export growth tipped under TTP deal
The Winemakers’ Federation of Australia (WFA) has welcomed the Trans-Pacific Partnership (TPP) as an opportunity to grow wine exports and attract future investment. Tony D’Aloisio, WFA president, said the TPP promised to level the playing field for those entering the 12 signatory countries which last year accounted for 45 per cent of Australia’s wine exports – or $837 million out of the total $1.9 billion in total wine exported in 2014.

Treasury Wine Estates outlines fresh cost cuts
Treasury Wine Estates says it plans to cut $30 million in annual costs from its supply chain by fiscal year 2020. The Penfolds maker will consolidate or divest supply chain infrastructure, consolidate underperforming vineyards, and simplify logistics, warehousing and freight arrangements, as part of the cost reduction. The company will provide write-downs for up to $44 million in fiscal 2016. These include cash cost writedowns of $14 million, and non-cash provision of between $20 to $30 million relating to production assets that are being closed or sold.

Canberra trio launch new label for ACT region
It took two childhood buddies and one experienced winemaker to create Canberra's newest wine label, the eponymous Three Lads. Working together to create a wine was a natural progression for public servants Luke McGaghey, 30, and Aaron Harper, 41. The pair, who met at church in Canberra nearly 20 years ago, are wine "enthusiasts" who started hosting their own tasting nights after fielding more than one desperate call from friends at the bottle shop.

Last day to register for not-the-usual-suspects sparkling tasting
Australian wineries have until close of business today (Wednesday, Australian Central Daylight Time) to register their interest in the Wine & Viticulture Journal’s forthcoming tasting of sparkling wines made from non-traditional varieties. The tasting is open to dry white or red sparkling styles not made from the varieties traditionally associated with sparkling wine production, namely Chardonnay, Pinot Noir and Pinot Meunier.

Ex-Pernod Ricard wine boss Atkinson joins Aussie wine producer
Former Pernod Ricard wine boss Adrian Atkinson has joined Australian wine producer Wakefield Wines in the new role of European market manager. He will be working with export general manager Neil Hadley MW and be responsible for managing the growth of Wakefield in the UK, working with importer Louis Latour Agencies. Atkinson left his role as wine development director at Pernod Ricard in July 2014.

Marlborough wine exporters welcome TPP
The Trans-Pacific Partnership will level the playing field for Marlborough wine exporters, opening up international markets and saving them millions of dollars in tariff fees. After five years of negotiations between 12 Pacific Rim countries, the New Zealand wine industry has come out a winner. All tariffs on wine exports between the countries will be eliminated. At present, each country in the partnership has different tariffs on wine.

Wine awards reveal reasons to take another look at Riesling
Among the record number of medals awarded at this year's New World Wine Awards, the unsung hero varietal this year is Riesling. Of the 47 Rieslings entered, 38 won a medal with 35 of these coming from New Zealand vineyards. "Riesling is a varietal that is often considered unfashionable and is one that people tend to ignore. But it’s the wine that winemakers drink and deserves more attention especially given the relative quality for the price per bottle and the cellaring potential as a wine that ages very well," says Jim Harré, chair of the judging panel.

Hong Kong rare wine merchant to raise US$80m on alternative board
A Hong Kong fine wine merchant is looking to test investor palates for local small- to medium-cap companies in a public placement on the city's Growth Enterprise Market (GEM). Madison Wine is seeking to raise up to HK$80 million by placing 100 million shares in a bid to strengthen its product portfolio and buy local rivals, according to its filing to the Hong Kong stock exchange.

California wine industry expect to benefit from TPP
The North Coast wine industry likely stands to benefit from a trade pact that was reached early Monday by the United States and 11 other Pacific Rim countries writing new commerce rules for nearly 40 percent of the world’s gross domestic product. The pact, known as the Trans-Pacific Partnership, eventually would end more than 18,000 tariffs that the participating countries have placed on U.S. exports.

China wine rally puts spotlight on overseas producers
A recovery in Chinese interest in wine could see more buyouts of overseas wineries and vineyards. China's wine imports have rallied after three years of decline, prompting the country's top producers to step up the acquisition of overseas wineries. Imports in August surged 28.9 percent in volume year on year to 44.6 million litres, and rose 12.7 percent to $154 million in value, but the average import price declined from both a month and a year earlier to only $3.45 per litre.

Wine investors cry foul over dealings with two companies
While investing in unusual assets like wine has become more popular in recent years, some local investors claim they have been left high and dry. At least 12 investors, including a doctor and a retired offshore contractor, have each told The Sunday Times similar stories of cold calls, hard sells and no returns. They invested a total of more than $500,000 with Singapore-based wine investment companies, The Bottled Wealth Holdings (TBW) and Australian Wine Index (AWI), from as early as 10 years ago.

Innovative solutions for thiols optimisation
Volatile thiols are potent aromatic compounds responsible for aromas of citrus, grape fruits and passion fruits, particularly noticeable in Sauvignon blanc, but also in Semillon, Riesling, Colombard … and rosé wines from Merlot, Cabernet Sauvignon and Syrah. The principal molecules of thiols are: 4-mercapto-4-methylpentan-2-one (4MMP): box tree, blackcurrant; 3-mercaptohexan-1-ol (3MH): grape fruit, passion fruit; 3-mercaptohexyl acetate (3MHA): grape fruit, passion fruit, sweat; In the grape, thiols are present as non-odorant precursors.

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