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News posted on Thursday, 9 March 2017

Accolade drops IPO plan
One of the world's biggest wine initial public offerings in years has withered on the vine. The owners of Australian vintner Accolade Wines Ltd. recently dumped plans for an offer that could have valued the company at more than 1 billion Australian dollars (US$760 million), ranking it among the world's top pure-play winemakers.

National win for SA grapegrowers
South Australian vineyard owners have been recognised on a national stage for their commitment to wine industry biosecurity. Vinehealth Australia (formerly the Phylloxera and Grape Industry Board of SA) received a 2017 Australian Biosecurity Industry Award in Canberra on Tuesday night, presented by the Department of Agriculture and Water Resources.

Partnership to tackle 'fragmented' biosecurity system
Australia's seven plant research agencies have come together to tackle what they have described as fragmentation and a lack of coordination in Australia's biosecurity system. The wine, wood, cotton, grain, rural industry, sugar and horticulture research and development corporations (RDC) are forming a partnership to streamline funding and improve the collaboration of biosecurity programs.

Record number of rural women
Rural entrepreneurs inducted into the Businesswomen's Hall of Fame celebrate the leadership skills of women in Australia. Twenty-five per cent of the inductees this year were women involved in rural and agricultural businesses. Running for 19 years, the Hall of Fame now has more than 200 inductees.

'Crazy' makes the cash register ring
McLaren Vale is leading the way in learning how Europe's most successful tourist attractions draw in record crowds. Australia's entry in the unorthodox winery stakes is now nearing completion in McLaren Vale, South Australia. The controversial d'Arenberg Cube is a daring innovation expected to attract huge numbers of visitors to the McLaren Vale area.

Heavy rain forecast: Hawke's Bay harvest
The heavy rain forecast for the end of the week has pushed the harvest of white wines forward concerning local winegrowers. According to MetService yesterday Wairoa clocked 66mm of rain, Napier 26mm and Hastings 38mm within 24 hours. Hawke's Bay Winegrowers Association chairman Michael Henley said this persistent wet weather was concerning, especially in terms of harvesting the white wine.

The lowdown: Tua Marina Vineyards
We have a great climate here. Many varieties grow well. Because of the size of the industry we are dependent on the demand in our export market. Worldwide there is a huge range of varieties, and we would like to see a bigger diversity grown here. Other similar varieties from a Mediterranean climate are already grown in New Zealand, such as Viognier, Albarino, Vermentino.

Europe: More than 60% of global production
Europe remains the leading wine producing and consuming region by a wide margin. The region accounted for more than 60 percent of global wine production and consumption in 2015, while accounting for less than 10 percent of the world's population. Wine consumption in Europe is projected to increase slightly to 15.2 billion liters in 2020.

Bulk wine: US supply figures
The three biggest bulk wine suppliers to the US are Australia, Chile and Argentina, between them comprising 87% of the market. Bulk imports increased in 2012 for all countries but then declined in volume the following two years. However Chilean and Australian prices fell in US dollars by 18% and 19% and these two countries accounted for more than 50% of bulk shipments.

Delicato takes ownership stake in V2 Wine Group
Delicato Family Vineyards of Napa has made a significant equity investment in Sonoma’s V2 Wine Group operated by Dan and Katy Leese, according to a Tuesday announcement, taking over the ownership portion from entrepreneur Pete Knight. Delicato, the seventh-largest winery in the United States, has been on a tremendous growth spurt in recent years.

$9 billion economic impact on Canadian economy
A research study conducted on the Canadian wine and grape industry, has revealed the economic impact of the Canadian Wine industry is up 33% from $6.8 billion to $9 billion over the period 2011-2015. Canadian winemakers support a broad network of related industries in rural and regional centres across Canada through significant investments, long-term jobs and market opportunities in rural communities.

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